Now you see how expensive dining and living rooms are that could be converted. 

A lot of people go in expecting these programs to completely change their lives. 

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

So they will rent without buying even though buying is available to them but they dont want to live where its affordable.

I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin  Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!   

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.

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.

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'm familiar with the Greenville area, having lived in North Carolina for a few years.

In this case, you can use Rental Income from the units that you will not be living in and that income can count to help you qualify.FHA rates are going to be lower than conventional for you almost always, but FHA does have a 1.75% funding fee.