House Hacking and Qualifying for FHA

[Nessa Lyn]

Hello! I'm a newbie and have yet to buy my first official property. (I inherited my dad's home but the loan is not in my name) 

I found a 5 bdrm home that would be PERFECT as an AIRBNB! I was looking at an FHA loan over conventional as the home is $850k and I don't have $200k as a dp.

My plan would be to live in one room and rent out the other 4 bdrms for one year, and then move out and use it as an STR.

So, my question is, If I was to go the route of FHA, could the Lender take into consideration that I would be renting out the other rooms to help with the monthly debt? Is there another way or loan that you all think would work better?

Thanks!