Hello, my name is Jessica and I'm just now starting out in the resl-estate/investment property game. I am currently trying to buy a multifamily home (duplex to be exact) with an FHA loan; is it possible to buy a duple...

Too complicated for general use unless you want to have professionals on retainer to handle the details.

  :)PM me if you want more details - happy to share - but don't want to bore everyone here with the gory details.

This strategy, "house-hacking", is talked about in detail on the forums and in many of the BiggerPockets books.

At the end of the day, if you complete a business loan application and provide all of the required details and documents, and submit a full loan application package to them, I’m sure they will call you back to discuss your intentions of getting a loan.

@Piotr Staron  I would be interested in the details on the Sch.

That being said you really should annalyze each deal one at a time in complete detail.

Did your seller provide a move-in sheet, that details the condition of the home when they moved in?

Here are some details on it as well as financial projections. 

Property and Loan Details 3 FamilyLocation: New Britain, CTPurchase: $123,000Rehab budget: $55,300Down payment: $18,450 (15%)Loan principal amount: $104,550Total Loan (principal plus rehab): $159,850Appraised as-is value: $125,000 (pre-rehab)Appraised ARV: $255,000Loan Terms: 9.99% for 12 monthsInterest only payments each monthPoints: 3.5FinancingThe hard money lender had a few programs.