House Hacking/FHA loan Question

[Steve Chiabotti]

Greetings all,

I am a newbie to BP and new to RE Investing and have a question that I was hoping someone here could help me with - or point me in the right direction.  My question has to do with house hacking. 

I understand that you could live in one unit of a small multi-family (2-4 unit) property and that, theoretically, you can qualify for an FHA loan if you live in one of the units.

My question is, "Is it possible to avail yourself of this strategy on a 'part-time' basis?" Basically, I live-in and own my primary residence in one state and am interested in living part-time in another state (while maintaining my primary residence). If I did this, would I be able to utilize the tax advantages &/or be eligible to qualify for an FHA loan if I did this - or does one have to live in one of the units full-time?

Thank you all for your time.

Steve