Won’t this be same as multi family duplex? 

I Personally would go the multi family route.

I will purchase this 4-plex through an FHA Loan with 3.5% Down Payment and live there for at least 1 year until I can afford my next multi-family!

Based on my analysis, a good amount of the multi-family properties for sale within Blue Island would seem to cash-flow, but the sticker price on some of these properties seems too good to be true.

I've been renting out for the last 2 years using that systems (room by room) and it works - gross rental yields at 10% in some parts of Lisbon underserved. 

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

If you dont like the idea of house hacking Id say maybe start with a duplex or something and maybe work up to a small multi unit.

It also tracks who is in what house and all other resident info I might need, and is absolutely vital to our operation.Each of our houses has a live-in manager who, for free rent, ensures all residents are following a strict set of rules and guidelines that is enforced quantitatively with a points system to ensure objectivity and uniformity between managers and houses.  

Most of the homes in my neighborhood are similar to mine and have all been converted to multi family homes.

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