The lender is pushing you to do this to get an FHA loan.

@Madison SloanTo start house hacking, focus on saving for your down payment, researching target markets like Salt Lake City or North Idaho, and building a strong team of professionals, including an agent and lender.

Don’t overlook the 10% down second home occupancy loan for financing a property like this.  

I think house hacking with a VA is still well worth it. 

Deductible expenses include renovation costs, loan interest, and holding costs.

The front end can sometimes be tedious to get approved by the local housing authority, but rent payments are always timely.

He'll still be renting - just from you instead of others, and at all the costs to you that you have enumerated.Your son doesn't "need" to buy a house.  

This will typically be a DSCR loan up to 75% of the new value.

After funding 2,000+ loans across the country I know most lenders will have issues with these 2 things.

I have over 20 people in my organization who have experienced gators as lenders or have loaned money through the gator thing.