Real estate is easy to get into, but hard to earn a living. 87% of all agents quit within two years because they don't make enough money.

It has made me question how can people live the way they do.

Live in one side and renovate that side, then after the lease for the other unit is up move into that one and renovate it.

I live in CA and drove that route for years to visit family in Phoenix, AZ. 

If you need the cash flow to live on and it will improve your lifestyle, then go for it.

A little about me for context: I live in a very expensive market in Rye,NY. 

Sometimes tenants bite, sometimes they don’t, but it’s worth a shot.Owner Move-In: If you’re planning to live in one of the units, you might be able to legally take it back.

Live off of equity as you sell or live off cashflow.

Strengthen Your ProposalDevelop a Business Plan: Include:Vision: Your goal of creating a micro-home community.Market Research: Show demand for affordable or small-footprint living in your area.Financial Projections: Break down costs, ARV, and anticipated ROI.Experience: Highlight your previous fix-and-flip and demonstrate your learning curve.Present a Solid Development Plan:What is the size and scope of the project?

The FHA rules/regs (in particular the FHA self-sufficiency test) are applied the same across all markets, and I know for a fact that in rural communities across the country, and big cities that are not particularly desirable places to live, it's not a deal-breaker, I am not commenting on those areas.