Your approach is structured and intentional, which is exactly what leads to long-term success.Starting with a duplex or triplex using FHA is a smart entry point, especially in today’s market.

When you flesh out your numbers, your target will be the amounts allocated to the investment side of the duplex.

I've been tempted to look for condos in a vacation area like Gatlinburg/Pigeon forge or maybe in a college town like Lexington KY.

Hey Sean, congrats on your first duplex!

I love parks and duplexes both and wouldn't do this deal unless the park was close to you and you could convert some of those POH to TOH at rents close to what they're getting now.What are the market lot rents where you are?

Quote from @Aswin Singh: We are buying a duplex that will also be our primary resident.

I’ve been approved to purchase a duplex and they will also pay 3.5 dp (fha) and also contribute to closing costs.

I have an opportunity to potentially purchase a condo owned by my parents, as well as half of a duplex owned by my sister who has recently moved into her new husbands home.

Pending litigation: Lawsuits involving the condo association, developer, or sponsor.

It took a longer closing period, but it paid off.My clients just closed on a duplex using the FHA house hack strategy, and it’s a great example for anyone looking to get started.Here’s the setup:• Purchase price: $534,900 duplex (2/2 left + 2/2 right)• Financing: FHA loan• Negotiation: Seller covered closing costs + rate buydown• Cash to close: $21,879.56The plan:• Live in one unit, rent out the other• Current rent from the occupied unit: $1,495/month• After factoring that in, total cost of ownership drops to about $1,800/monthWhy it works: FHA allows low down payments if you occupy one unit.