All those people you perceive as broke ,financially illiterate or irresponsible live somewhere unless they are homeless.

Too bad you can't buy something owner-occupied, put 5% down with the best interest rate, live in it for 12 months (and fix it up), rent it out and repeat the cycle.Here's some other info you might find useful:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Unless you want to live in that district, I would avoid any and all purchases in an area like that.

In this case, you can use Rental Income from the units that you will not be living in and that income can count to help you qualify.FHA rates are going to be lower than conventional for you almost always, but FHA does have a 1.75% funding fee. 

House Hacking Strategy: Living in one unit while renting out the other(s) is a smart way to offset your mortgage.

If you plan to live there in the winters, you might have a hard time doing long term rental outside of that and finding a new tenant every summer.

Living in the Pacific Northwest, where the “Big One” could strike at any moment, I’ve been gradually selling off my portfolio to exit the market and safeguard my capital.

Toxic paint et al.Would you want your family living in house remodeled with cheap Chinese s**t?

I plan on living in one side and renting the other side out. 

I do recommend on higher end properties adding TV channels and Spectrum has a live TV stream app (no more boxes, I also imagine other cable providers so as well).