How does a Blanket Loan work for 1st time investors?

[Jacob Perry]

Hello all,

I am currently looking to purchase two duplexes at the same time. I've been in contact with a couple of real estate agents about the proper steps to take in acquiring. 

One offered the advice of getting a construction loan through a local bank to fund the rehab process. The other suggested finding a mortgage broker to see if I pre-qualify for a blanket loan for both properties so I can get an FHA loan since I will be house hacking it.

Any thoughts on questions that I should ask either the mortgage officer or local bank in regards to acquiring these two?

Thanks in advance!

Best Regards,

Jacob Perry