Information on 203K loans

[As-Shakoor Wright]

I was on the forums before asking how to get started in real estate. I have close to $10,000 saved up and after some research, I believe the 203K construction loan would be the best way for me to start. I found a construction company that deal with 203K home buyers in my area. So they specialize in dealing with the way the lenders payout for done work. I believe I can house hack a multi-family preforeclosures or a REO this way. So can the BP community gave me some insight on this type of way to invest.