I rented out 3 of the bedrooms (upstairs) and lived in the basement which had 2 of the bedrooms, a master bathroom, living room, and private garage access.

We currently live in one unit of the duplex and rent out the other.

You can use an FHA loan to live in one unit and rent the others for up to 4 total.

In a high interest rate environment, it's just the reality unfortunately.

@Tina ChauGoogle the county recorder's office for where you live and it will have that info.

I would live there while fixing it up then renting it out in a year. 

Question for you experts...Can a tradesperson build their own home in Minnesota, live in it for several months, and then sell as new construction?

Hi Garrett,I live in Santa Fe, and invest in multifamily Albuquerque. 

Todays interest rate environment it is not a bad idea because it will be challenging to get returns that meet your interest rate you are payingIf your loan is 2-3% I would out the money in an account earning 4-5% compared to paying down a 3% mortgage - but I also get the stress relief of having a low mortgage and lots of equity

Is a DSCR loan something I could look into since I don’t live on the property myself?