FHA confusion...Looking for advice and the facts!

[Joel Wiegand]

Hi all,

So been flipping houses for the last 1.5 yrs and have learned a ton from this forum! Finally looking to house hack a duplex(currently renting) and have a property we like and ready to make an offer. My problem is I keep getting the cold shoulder due to the nature of house flipping...large amounts of money in and out and no steady pay throughout the year. Also, not having done flipping for 2 years seems to be an even bigger problem. I have been self employed since 2009 but not in the same field...but have had steady income. I have read on BP that 1 year is now all thats required in same field. Is that true or is 2 years still the standard? In 2017 we had a net income of $74,000 flipping and in 2016 netted $13,000...the duplex I'm interested in is a buy at $150,000. Am I off my rocker thinking we can do this deal? Even a conventional loan with 10-20% down would interest me if it'd be an option.

Also, any good recommendations as to who is an investor friendly lender from someone that covers PA?   Thanks for any and all help!!