Yours sincerely,Len Roche

I would always look through the lens that you are purchasing through the lens as strictly an investment (non-owner occupied) as anything else will muddy your analysis. 

Definitely agree with @Tyler Brown on shooting RAW and the need for a wide angle lens. 

So how will that affect the investment property market, when looking at it through the lens of purchase price, possible diminishing monthly income and increase in values.

You can in an SFR portfolio also rehab SFRs to the next level and sell off individually for higher prices to owner occupied buyers.We like to say that we view our SFR portfolios as an SFR portfolio with a multifamily lens.

When you deviate from the system you start to feel out of control and the effort starts to feel beyond the reward.Also if you take a multifamily approach to many SFRs in our portfolio the next investor will have the SFR investor lens and be ready for individual property problems which lowers the value.  

They also offer DAP loans (Downpayment Assistance Programs) which, depending on the state, can range from forgivable loans (over a 5 year period) to a 2nd mortgage that is a small reasonable amount each month on top of your primary mortgage.

Do you want to be in real estate seeing things through the lens of a real estate sales person, or do you want to be in real estate seeing things through the lens of an investor? 

Granted FHA is a great way to go for a first purchase but you still want to be mindful that a house hack is not a pure investment and if you evaluate just by the numbers you may not want to live where the numbers will take you.For your first purchase especially one you plan to live in for 5 years; I would scrap the investing lens and just evaluate in terms of what you want in an ideal living  situation.

As a lender, I'm sure you look at this through a much more sophisticated lens than I'm able to.