I lived in it for 6 months which was part of the terms of the grant I got towards the down payment.Now I have moved out and I am finally renting the property out.

A few months ago, I watched a Grant Cardone video where he said you want many people to know you and you should be meeting new people regularly.

I agree with above posts and some to add:House hacking is a great investment tool with MF, especially for first-time investors (granted you and fiance are okay living next to tenants).

FHA will generally grant this as long as there is a life even resulting in your move a significant distance (at least 100 miles) for your current residence (e.g. new job, got married, etc.) and it doesn't look like you are trying to manipulate the process to buy an investment property.

IF I WERE YOU,  If you are purchasing a first-time home, utilize Down Payment Assistance Grants, it will generally cover your closing costs. 

I’m prob missing something though.. granted, you have made some interest spread over that time frame but it may not equate to the amount the asset has devalued over said time?

The homeowner agrees the loan will remain in their name following closing, but grants you a limited power of attorney to communicate with their lender, and it's agreed you will make payments going forward.

The first floor space could be used for insurance or retail or just about anything but the city is desperately trying to work with me on getting a restaurant in this lower space and we are trying to do what we can to accommodate since they gave us a $30,000 Grant to improve the space and have been extremely gracious.This is a borderline  C+ B- area but there is active investment much greater than the amount I am putting into this building going on  around and there are a couple restaurants in there that have been there for decades so it's not prime location by any means but it's certainly not dumpy either.

@Grant Speer the best way I have found to find wholesalers is through networking. 

Granted, I live in the inner rings of Cincinnati, where many properties (personal and investment) have been built pre-1950.