FHA: Purchasing multifamily that has no vacancy

[Greg Larson]

Hi all,

I'm looking to house-hack my first multifamily property and I have my eye on one in particular. I'll be doing an FHA loan as I am looking to put down the minimum amount possible to get into the property. The agent I've spoken with has stated that all 3 units in this multifamily are currently rented. As you all know, with an FHA, I would have to live in one of the units.

Would I still be able to invest in this property with an FHA loan if all the units are currently rented?

Has anyone else gone through this same situation in the past?   

Thank you in advance for your time and any advice you can pass on.