House Hack Financing: FHA vs. 5% Down Conventional Loan

[AJ Smith]

Hi BP!

For HouseHackers, Loan Officers, and anyone with expeience using either of these loans: what's your view on using a 3.5% down FHA loan vs a 5% down Conventional loan? What requirements should I keep in mind, and what are the benefits and drawbacks of each?

I'm reading The Book on Rental Property Investing in preparation for my first househack in the next two years, and I want to understand all the options before me to finance my first deal affordably while also taking advantage of leverage and loan paydown.

Thanks for your time!

AJ Smith