Househacking in Oakland 2019 Doable?

[Mikhail Katz]

Greetings ladies and gentlemen,

So do you think it is possible to house hack in Oakland with the current market? 

I am young and single, currently living in Berkeley and working in SF, I have some money I want to invest, and I will probably do out of state, but right now I am still eligible for FHA loan and entertaining the idea of house hacking here in Oakland. I would totally do that if I lived in a more hackable area, but I thought it's impossible here, I am still not sure and that's why I am asking. Also, I am not willing to move to a total hood, but rather somewhere relatively safe within a couple of miles from a Bart station, probably not further south from Lake Merritt station and surrounding areas. I saw some 2-4 plexes within 600-800k, but not sure what the rents would be and if I'll be able to buy them with FHA/3.5% down.

Any input is appreciated!