Hello, my name is Kyle Hardie and I live in Fairmont MN. 

I'm hoping to do an FHA 203(k) within the first half of this year and eventually rent it out after living in it for about 2 years.

We purchased it with the intention of living in the Ground floor + BSMT apartment and renting the 2nd floor apartment.

Obviously, you should work with a good agent, lender, and home inspector to assist with each phase to ensure you are getting the best deal.

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

My wife and I use to live in central GA and in North Carolina but moved out to Arizona a couple years ago.

@Kyle Trotman, for local conventional lenders, feel free to message me, and I can provide a few points of contact who may be able to assist.

If you don’t have a large down payment saved up, don’t worry—there are plenty of options available . . .”A trusted lender will go over the various loan types with you, any down payment requirements on those, and down payment assistance programs you may qualify for.

Ive owned a 3 family in Fitchburg MA for 4 years that has done exceptionally well with it, living for free in one unit for a while and constantly upgrading the property over the years.

Also looking forward to meeting any local wholesalers or people living out the house hacking dream.Thank you to @Scott Trench for leaving a great how-to on introductions!