Simple answer how ever you can. 

KISS(Keep it Simple..)Reasons1) What are you getting in return for living in the property?

Thanks in advance  Hello, I do not have a " system" I simple buy more, not really sure what system one would need.

@Sheila Vardakis I’ve been looking for a simple system to get set up with at our office.

We also have a pretty good relationship with all the neighbors which I'm sure helps.The reason for me not getting a permit once obtaining this property is very simple -- I was given this house from my father, and the town that I'm located in, you're not able to get a rental permit unless the house is owner-occupied.

I like to tell new investors KISS haha Keep It Stupid Simple.

I am currently involved with a simple single-family rehab adjacent to a larger ground up project.

But your plan is pretty simple and straightforard and should be enough to help you/someone get started!

@Kyle Rucker- thanks ....you will have a tough time locating a 2nd loan for  180K +  ....Ask the realtor you are working with for options ...Make sure that the lender holding the FHA loan will be able to approve your assumption  request  ( this can be a long drawn out step ) .....if you do find a 2nd mtg - compare the fha loan and 2nd mtg  to a  simple new FHA or conventional loan as there may not be a large difference 

Have just hired a bookkeeper and at first she questioned having so many accounts but is now finding it a simple way to deal with the complexity of the fact that I have 7 properties and in keeping track of everything.