House Hacking Combined with BRRRR

[Brody Veilleux]

My plan is to buy an undervalued MUP with an FHA loan, fix it up, rent out the other units while I live in one, then refinance it and use the year I'm required to live in the property to build up my down payment on the next MUP, then repeat until I have at least a $1M portfolio. After that time and loan paydown, I will either sell 1 or 2 of the properties and use the proceeds as a large down payment on my primary residence. After that I plan on continuing to invest in MUP with a conventional loan or transition to SFH. Is it riskier to mix house hacking with the BRRRR method? Does this plan sound good or am I being overly ambitious?