FHA Loan to Minimize Personal Capital in House Hack - Thoughts?

[Mikael Winkler]

Hello all,

I am currently researching properties for my first rental. I know I'm going to do a house hack and have been contemplating ways to reduce my initial capital as much as possible, as I have next to nothing available anyway. 

I'm thinking of doing an FHA loan with 2.5% down and down payment assistance to cover that down payment. Has anyone had experience with this or have thoughts?

Thanks everyone!