House hacking a fully occupied four plex

[David A Perez]

Hello,

I have a question about something that came to my mind and I was wondering how someone who is experienced would handle it.

Say you find a four plex that you are interested in and all the numbers work out. It is fully occupied with tenants in place.

You plan to house hack so you can get an FHA loan and only have to put down a small down payment.

Since you are house hacking, how do you decide who you want our from the four plex?

Would it even be possible to house hack if none of the tenants leases are almost up?

What would be your plan of action in order to acquire and house hack a fully occupied four plex?