FHA loan buying duplex etc.

[scoopdaboop]

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Hi question,

So what's the consensus of a resident using a FHA loan to buy a duplex in residency, then live in 1, and rent out the other one to presumably make up for the monthly payment of your mortgage?

 

[mvenus929]

The caution usually comes with the responsibility of being a landlord while you're stressed with residency. If something goes wrong, do you have someone who can help call a plumber, electrician, whatever and make sure the problem is fixed? If not, I'd discourage it.

 

[scoopdaboop]

The caution usually comes with the responsibility of being a landlord while you're stressed with residency. If something goes wrong, do you have someone who can help call a plumber, electrician, whatever and make sure the problem is fixed? If not, I'd discourage it.

Yeah I read more and more about it... Doesn't seem like the best bet.