It is a duplex that I planned on house hacking but it is currently being rented out.

I am looking for a 2-4 unit to buy currently to house hack, and have invested some money into systems to drive for dollars to wholesale or partner on a flip and learn more while bringing in a little capital. 

. ^^ yes I closed on a house hack a few months ago and this is exactly what my mortgage broker told me, FHA appraisal itself was not much of a problem, the appraiser just looked for proper hand rails, chipping paint, relief valves on water heaters, etc, which are not a big issue unless the house is in bad shape, the bigger challenge was getting an FHA offer accepted over competing offers because of the perception to sellers that FHA is a big hassle/may not close, a 203k loan can wrap money for any needed repairs into the mortgage, so showing pre-qual for that may make your offers stronger 

@Guillermo Rozenblat depending on your goals and market, I’d consider doing both by purchasing a house hack.

Is it possible to use Conv financing to personally buy a MFR (to live in and rent) and use 1031 funds to do it?

Definitely house hack via FHA in NYC.

Should we house hack or purchase a SFR (as primary residence) and, assuming we house hack, can we use that equity to leverage the purchase of a SFR?

For example, clients who want to house hack reach out to me because I'm doing it.4.

Investment Info:

Single-family residence fix & flip investment in Lincoln.

Purchase price: $30,000

Cash invested: $10,000

Sale price: $60,000

The house was an old church parsonage, the church...

Purchase price: $760,000 Cash invested: $23,000 House Hack What made you interested in investing in this type of deal?