BRRRR vs House Hacking

[Osama Syed]

Hi All,

I live in CNJ and currently rent. Exploring my option for when my lease ends early 2022.

Option A: 

BRRRR (in or out of state) while continuing to rent in CNJ. Would like to find a BRRRR project with total all in of around 75k or less.

Option B: 

House Hack a duplex with FHA loan. I would like to stay in the CNJ area where duplexes are hard to find under 400k but am open to moving a little south. Would still like to live in at least a B class area with quality tenants if I have to live next to them for at least a year.

Would appreciate some insight, pros/cons of each one of my options and some areas I should focus on.

Thanks!