.🏗️ Building Equity While Others PayWhen your tenant pays rent, they're helping you pay down your mortgage - building your equity.

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!

How to Price the Condos: Do a reverse amortization schedule for a 30-year mortgage based on Room Rental Prices in the Area.

Just make sure you’re comfortable with the interest rate if going either route.  

My first mortgage was almost 11% and that was a good rate.

The reason why I ask is because that could determine what loan options are available to you (and interest rates). 

God forbid something happens and I either can't get rid of a tenant or can't find one, I would barely even be able to afford the mortgage

It's probably going to mean paying points at closing, a high rate, and a serious pre-payment penalty (like 5 years). 

Most seller's in a sub-to don't understand the risk they are taking and most lenders have concerns over the overall portfolio quality ratings which has an impact on their cost of funds.

On insurance side of things, there is a lot of variables.