Is renting out individual rooms possible / a good idea?

[Christopher O'Brien]

Hi everyone!

I plan on living in Plano, TX for a W-2 job, and I am eager to buy a property in the city. I have been considering trying to leverage an FHA loan; however, there are not many affordable duplexes in the areas (to my knowledge).

I was wondering if it is a bad idea to buy a single family home, live in it, and rent out the other rooms.

I assume that it is more tricky with regulations and simply having a greater number of tenants, but I just wanted to get some opinions. Thank you!