You'll also want to set up criteria for residents.

I own my current primary residence & have about 140K in equity.

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.  

Tenants are stable long term residents, and property is located in a desirable school district.

Quote from @Jacob Dalton: I purchased a single family home good quality location in Chicago’s Northwest Suburbs in Cook County as a personal residence.

I was a southern CT resident for 15 years and own a rental property in Trumbull CT as well.

In high-cost markets like Chicago, that can be tough to meet.If you're looking at a duplex, the self-sufficiency test doesn’t apply, so you’d just need to qualify based on your personal income and the rental income your lender allows.If your current lender isn’t familiar with making FHA work in your situation, it might be worth getting a second opinion from someone experienced with FHA multi-unit financing.

Metro area will lead to there being fewer total units available, and higher occupancy in multifamily buildings.Population GrowthCoStar: Population Growth, DC Metro, United States (1/7/2025) Period Washington United States 2030 0.758% 0.498% 2029 0.758% 0.500% 2028 0.757% 0.507% 2027 0.765% 0.515% 2026 0.834% 0.532% 2025 0.966% 0.563% 2024 0.983% 0.569% 2023 0.707% 0.500% 2022 0.262% 0.423% 2021 0.004% 0.189% 2020 0.123% 0.285% 2019 0.946% 0.514% 2018 0.947% 0.562% 2017 1.058% 0.657% 2016 1.079% 0.762% 2015 1.125% 0.785% Washington D.C Proper surpassed 700,000 residents for the first time since 2019, showing the continued resurgence of the city since issues that arose for the city during the Pandemic (Source).

Investment Info:Single-family residence other investment.

If no one but owner-occupants can STR... then that should mean opportunity for owner-occupants who STR their primary residences in many jurisdictions.- Large remodels or construction projects (Live in Flip) can be self-managed, worked on directly, and the value add, after 2 years, is largely tax free up to certain limits. - Many areas around the country allow for ADU Construction - house-hackers enjoy similar benefits to remodeling projects by being naturally on-site for ADU construction.