It allows you to put less down, learn all about real estate while living in the property, and potentially reduce your living expenses.There are different ways to house hack as well, so if you're interested in becoming a landlord, you could try buying a 3 family (for example) and see if you like it.

Both units have tenants living in them and he is giving them the 30 day notice that management will be passed along to me.

I live in a luxury building in Manhattan.

Conventional - this was a primary residence so I lived in it while rehabbing.

They all seem to live or die by the 1%, 4%, 50% or whatever rule.

To my understanding FHA loan requires you to live there for about a year.

@Rohit Girme Have you lived in the condo?

Can I live in the house during the rehab?

My focus is on finding a discounted SFH or Townhome that can act as a live-in flip for 1 - 2 years to maximize rent potential before it actually becoming a rental for my portfolio.

Like I said I lived there & it was not a pig stye to begin with.