FHA House Hacking with A Roommate?

[Jalen Leichman]

Hello,

I'm about to close on my first rental property in a couple weeks in Milwaukee, WI, using an FHA loan. It's a duplex; 2 Bed 1 Bath in each unit. The Bottom unit is currently occupied (renting at $700), and I will be living in the Top unit (at least for the first year). My mortgage payment will be $900 a month (this includes principle/interest, taxes, home insurance). I'm going to be using the rent I collect from the bottom unit to pay the majority of the mortgage, leaving about $200 left for me to pay out of pocket...

However, I was curious about renting out the second bedroom in my unit for about $400/month so that I won't have to come out of pocket for ANY of the mortgage...

The issue is, on one hand, I've never had a roommate and I like my own space, BUT, on the other hand, the mortgage would be completely paid for, and I'd be living completely rent-free, and I'm only planning on living there for the first year.

Has anyone experienced this dilemma, or has any helpful advice on this and how to find good roommates?

If it's worth mentioning, I'm planning on using the BRRRR method of real estate investing.