House Hacking In California

[Jack McWatters]

Hello I just turned 20 and I’m looking to move out of the house soon but while I’m here saving money, I’m looking for a place to househack to almost get my feet in the water. The problem I run into here in California is that most of the properties are around 500k-1mil. I’ve done the numbers on a 750k house with 5 bedrooms and a large garage, I rent out all the rooms of the house for 1300 a room and live in the garage myself, and after the year move out and start again. Is it possible for a recent 20 y/o to get a fha loan to cover that cost or will it only raise a partial amount? What if it’s hard to find renters? Have you guys had these problems please help! :)