Small Multi-Family House Hack Questions

[Alex Orrson]

Hello all!

I am fairly new to REI. I've read several of the BiggerPockets books and feel ready to purchase my first property. I am looking to start with a small multi-family property and house hack.

I have found a few potential properties in my area, however many of them are already fully rented by tenants. Does anyone have tips for finding properties that have room for owner occupancy? Would the only way to get into a fully occupied rental property be to wait for a tenant's lease to end?

I'm looking to finance it with an FHA or owner occupied loan, which would require me to live in it from the beginning.

Thanks in advance for any help. Feel free to connect and swap ideas. I'm a spreadsheet pro!

-Alex

[Scott Williams]

You can also make it a requirement in your offer that the current owner get one of the units open before purchasing the building so you can move in.