FHA 203k, is this a good option for buy and hold

[Lawrence Cox III]

I have been looking at the FHA 203K loan. Not sure if this is a good tool to buy and hold for investment properties, does anyone have any advice on using this option. I am currently looking at foreclosures in my area that I could by low and do enough to get it rent ready. I have been wondering if using a hard-money loan would be a better option? I have never used that type of option, can anyone give me any advice on how to get going. Thanks in advance for any and all advice.