House Hacking my Neighbors House

[Daniel Jackson]

I am considering house hacking my neighbor's house. They have agreed to sell the house to me, and we also talked price. I have one concern, which is there is no income coming in the building. This is due to family members occupying the house. I am thinking this won't help my debt service coverage. I would prefer an FHA loan but will any bank finance this? After the family moves out, I can rent out the property and it will cash flow well.