The cost associated with insurance for not having 20% is peanuts compared to what you potentially can do leveraging your down payment. 

Co-living is how I went from renting a room, Delivering Dominos, no savings, and not being able to qualify for a loan to financial freedom & a $2M net worth in 15 months.  

What kind of insurance do you carry? 

The SST doesn't apply for legal 2-flats so if you want to use FHA it's probably better to target those that maybe also have a non-conforming basement or attic unit.This is why the 5% down conventional loan is a game changer for house hackers.

i wouldn't tell you where you should move since i don't know you.also, a lender would be in the best position to advise whether you qualify for a specific loan. 

That first deal after a break can feel like a big leap, but it sounds like a great opportunity.On financing, seller financing, private lenders, or portfolio loans from local banks could be worth exploring if you want alternatives to hard money.Excited to see how this deal goes for you.

Most Florida markets will share some dynamics though like taxes and insurance. 

OO loan seems like real long shot. 

Step 1: Ensure you can get financing (is it a cash purchase or will you need a loan). 

Yes I know about the VA loan (no down payment) and VA disability payments, more on that later.