What type of Loans used for Small Multifamily properties?

[Ricardo Cristobal]

Good day my BP Members,

As a new REI i'm still learning the ropes of the trade, so from what I know, I can an FHA loan at 3.5% down to purchase a small multifamily property. MY question is, Is it possible to use a Conventional loan to purchase the property without putting 20% down if I live in one of the units? Also I know you can only one FHA loan at a time, So in the future if I do use an FHA loan and get it refinance into a conventional loan will I be able to keep using an FHA loan again?

For all these scenarios, I'm planning on living in one of the units to "house hack". Anyway, thank you for taking your time to read through this. 

-Rick