Using FHA Construction to House Hack?

[Hudson Filippi]

I am a complete rookie to the real estate scene, I am looking to house hack for my first residence out of college. I have enough saved for FHA loan down payment on a duplex up to 500k. After diligent searching there are ZERO duplexes for sale within an hours drive of my work place. I have heard there are FHA construction loans but that they are pretty restrictive and do not allow for multi unit construction. What are my options going forward?

[Hudson Filippi]

Quote from @Jonathan Klemm:

Hey hey @Hudson Filippi - Welcome to the BIggerPockets Community!  

First off congrats for looking into this realy estate stuff at such an early age!  There's no doubt you'll find success over time!

You can 100% use an FHA-203k renovation loan on multi-unit properties up to 4 units. You could also use a Fannie May Home style renovation loan which a conventional loan and require 5% down vs. FHA 3.5%.

You should talk with a lender like @Jose Valdovinos!  He is here in Chicago with me, but does loans across the country.  Where are you located?

I am in northern Minnesota, I'm still roughly a year and a half away from graduating so I am just gathering info at this point. I appreciate the reply.