Yes, if you do it with a non-conventional lender. 

Don't use craigslist - it became irrelevant a couple years ago - it's full of spammers and scammers - Hotpads, Zillow, trulia Facebook marketplace and your friends network, apartments.com etc - those are places you'll have better luck - Also set up an AirBnB account - depending on where you live you could maybe have luck there - I have a different opinion than Colton about Wichita not having attractions - there's still plenty of conventions, business etc that brings people to town - your AirBnB rate will just have to be competitive if you are only renting out a "room" and not your entire house.  

@ Neil He Take a quote on conventional interest rate and compare with your current mortgage payment.

They are basically smaller commercial loans.These loans will not have as favorable terms or rates as your standard conventional loan, but will allow you borrow in the LLC name as opposed to your personal name. 

Just curious how they typically compare to a conventional loan terms. 

If he is suggesting a balloon payment with the seller financing, be sure that you could comfortably qualify for conventional financing, with a large margin of error if you needed to.

As a beginner, you are eligible for conventional loans - take advantage of it while you can.

Our first two were owner-occupied duplexes so they used conventional financing (at preferential interest rates).

I am in Charlotte NC and working with a 3% down conventional loan product that requires appraisal etc.

Started with conventional buy and hold.