Your strategy with an FHA house hack is to live there for a year and then cash out refi into a conventional with the appreciation and do it again with an FHA on a new one.Keep saving and earning and meet real-life investors.

Primary Conventional 15% down.

Here in SoCal I am very high on Chula Vista, Bonita and SDSU in general especially with the conventional center under construction.

Looking at pure spreadsheet math and common convention; if you pay down your mortgage you are effectively making that interest rate on your money. 

A refinance later will have extra costs if you maintain FHA, but be cheaper on closing costs converting to conventional later, but conventional loans usually have higher rates.

My latest property is my condo in California which I purchased for 110K with a conventional mortgage and 20%.

Hello Michelle, In order to qualify for a Heloc you will need to qualify just like you would when applying for a regular conventional loan.

Start working on your credit score and research financing options, including FHA or conventional loans.

While this approach ensures more reliable tenants, it also limits the pool of prospective renters, making it challenging for individuals with less conventional financial profiles to secure housing.Given these challenges, I have decided to exit the Ontario rental market.

I'm considering refinancing my current VA loan, which has a 5.6% interest rate and a monthly payment of $3,200, into a conventional loan.