SF house hack first time buyer

[Evan Morgan]

Hello all,

I'm a first-time buyer with little starting capital. My plan is to house hack SFH, make minor cosmetic upgrades while living there, then refinancing to a conventional loan and either selling or renting while I repeat the process and save until I can afford my first multi-family Brrrr that I won't have to live in.

I was hoping to get some perspective on FHA 203(b) vs. 203(k) loans. Any guidance would be appreciated!