Househacking a Duplex while keeping current home as rental

[Jenn Chism]

Hello. I am looking at purchasing a duplex to house hack as an ideal way to get started in investing. I’d live in one side and rent out the other. I currently just have my primary residence and am wondering if I should try to keep it as a rental, if I can get approved for the duplex mortgage while still owning this home. I’ve been told that could be possible if I get a signed lease on this home before I apply for a mortgage on a duplex. I also had a fairly recent hit to my credit that may require some improvement first, and my current income is not consistent.

I don’t have a specific question, but since I don’t know what I don’t know, would love to hear any professional/experienced advice or input about this idea and best way to get started. TIA!