For experienced borrowers I can lend up to 80% LTC and 100% of rehab on 5+ unit apartment deals like this.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Applying that to RE investing, most would agree your first FHA loan should be a multi-unit house hack.

- Usually a 5 unit with a boiler means that all the units share the boiler heating system.Which specific utilities in which units are paid by tenants vs shared?

Is this a SFR or 2-4 unit?

You should start with a focus on a 2 unit multifamily property in a market that you can afford to get into. 

Repaired deck, new air condenser unit, repainted interior and exterior.

Moving inland, Dover presents a more affordable option with rising demand for multifamily units and a steady rental market, though its short-term rental potential is less robust than coastal towns.

House hacking can work with an FHA loan, as rental income from other units might help you qualify, but be sure to consult with a lender or mortgage broker to explore flexible options based on your unique situation.Good luck!

I had rents set at $1,000 per unit and they are now up to $1,275 and $1,300.