Living in basement with a FHA loan concern

[Carlos Rodrigues]

Good afternoon BP! My name is Carlos and I'm seeking a future in real estate. Please read my description to know me a little bit more. Okay so I've been asking a few questions on BP and have received amazing responses, and I want to say thank you. My plan is to purchase a duplex in New Jersey. I'm trying to put between 3.5%-10% down with FHA loan. I know I have to live in the property but o was wondering if I could rent both floors and have myself live in the basement. Also if there is separate attic access I would like to rent that out too. Any advice on this? Risk vs reward? Is this legal? Please add any additional information, links, threads etc. This is my first week on BP and I'm currently learning and reading threads, sorry for any silly questions. Thank you in advance for your help!