Would like to buying Small complex in SF Bay Area

[Tammy Ly]

Hi, I am a newbie here. After I have been researching and reading a few books on RE investment, I have refined my strategy would be house hacking fourplexes with FHA loan. However, looking at the price in the San Francisco Bay Area, the number not even close to acceptable (it is way too far from a Home Run number).

If investing in a distant area with the right number, then house hacking would not be an option. Any advice will be highly appreciated! 

Using FHA Loan will require the Mortage Insurance, in the long-run that means more expensive than the Conventional Loan?

Thanks a lot!