Best route for Owner occupied with FHA financing

[Jazzmenn M.]

Hi all, 

Ill try to make a long story short...

Before learning much about real estate investing I started searching for a home to buy for myself. I was approved for an FHA loan with and NHF grant and found a property. Turns out today, 1 week from the closing date, that I may not be able to purchase the home due to information I was unaware of. The bad news is I may not get this property. Good news I may be able to now take advantage of all the investing opportunities I have learned about!

So, now I am potentially looking to purchase a duplex or a home with an ADU/MIL so that I can rent out one of the units for cash flow. Does anyone have advice for me? From my research it seems like the best way to go, since I will be owner occupied and I have financing, is to take advantage of the low interest rate and get a duplex or multi family. Should I consider another route that I am not aware of?

I hope I am posting in the right section...newbie. :)

Thanks!