FHA Loan vs. 5% Down Conventional for House Hacking

[Megan Broom]

Hi everyone!

I am seeing that FHA has been commonly associated with house hacking. Is this simply for the lowest down payment possible? Would you still have to live in the property for a year with a 5% down conventional loan?

I am looking to sell my condo and put the bulk of the money into cash flowing rentals out of state and start house hacking in Atlanta. I will take all the advise anyone has to offer! :)

Thank you in advance!

Megan