@Ben T. let's reverse this and ask, "if you were buying this property to live in it with your family, what would you want?"

Hello Everyone,I was wondering if someone who knows the ins and outs of bank mortgages knows if you can use an FHA loan with a friend to house hack a multi-family home?

A cost segregation study was performed on this single family home in Fort Worth, TX purchased in 2023 with a depreciable cost basis of $272,633.

I'm looking to purchase a single-family home in the $500k-$600k range with a long-term hold strategy.

Some forums suggest to invest in states where i have friends or family... which is only Georgia or Louisiana but seems almost impossible to find a decent duplex within the range of 85-$110k in those states without having to invest in major repair. 

I have a young daughter and a growing family and my priorities have shifted to the degree that I have motivation now to finally take some action.   

Mine are typically single family where the appraiser will focus on comparable sales.

We grew our family through foster/adoption.

Investment Info:Single-family residence fix & flip investment in Wichita Falls.

Investment Info:Large multi-family (5+ units) buy & hold investment.