Seeking Advice on Duplex Investment for Cash Flow and FHA Financing

[Rickey Brunson]

Hey BiggerPockets community!

I'm in the early stages of planning to invest in a duplex later this year or early next year. My primary focus is on cash flow, and I'm aiming for a turnkey property with FHA financing. My budget is less than $200k, and I'm looking to live in one unit while renting out the other.

I'm not particularly concerned about property appreciation; my main goal is to generate a steady income. I'm interested in areas with a strong rental demand. Could anyone provide recommendations on specific locations or strategies to maximize my chances of success in this venture? Any insights on markets with affordable duplexes, good rental demand, and FHA-friendly opportunities would be highly appreciated.

Additionally, if you have tips on finding turnkey properties or navigating the FHA financing process for duplexes, I'd love to hear your experiences and advice.

Thanks in advance for your valuable insights!