Are you planning on being around for the rehab and interacting with workers?

IF you try for a property that is very desirable, you're going to get out-bid by conventional/cash offers.If your completely set on 203k, there is FHA 203k approved contractor in Livermore from their website you can pursue (I haven't personally had any interaction with him, just know he's approved).

Looking forward to interacting with everybody on the BP forums!

They typically have some entry level positions where you can learn more about the basics of tenant interactions, leasing, negotiations, etc.

I signed a 1 year lease and have generally treated every interaction with them the same as I would have a year ago.

House hacking is such a powerful tool and doing it when you are young and single is a great way to learn how to manage a property, analyze deals, interact with others, build relationships, and it tends to be very forgiving with mistakes because of the money you can save each month on living expenses.  

You'd generally be a fiduciary as it relates to the plan and would need to be very careful about how you interact with the plan and what you invest in. 

We were fortunate enough to have a tenant approach us that wanted to rent all five units to house the recipients of her non-profit, children that were in the foster care system, but are now adults removed from the system and still need assistance.

There are good people here, and most of what you can find in those seminars you can find here for free if you're willing to take the time to search, read and interact. 

@Dave Foster - Thank you so much for a clear explanation!!