House Hacking Financing

[Griffin Carson]

My current short term goal is to purchase a multi-unit property (ideally 4 units) for house hacking through and FHA loan due to the attractive low down payment.

After doing more research I have found that the PMI can eat up a lot of cash flow. I'm interested to learn about other options such as Fannie Mae HomeReady or even conventional mortgages with a higher down payment than 3.5%.

Have you done any FHA loan investments? Was the low DP worth the insurance? If not FHA what financing did you use for your first house hack/investment property?

Thank you for your feedback