Realistic Expectations for FHA House Hack in Chicago

[Andrew Lisi]

Hey everyone,

I've been getting a ton of great advice so far, in particular from @Brie Schmidt, who, if you're in Chicago (the city, not the "land"), you have to connect with her for all things buy & hold. She's a pro, goes above and beyond any questions I ask, and she's uber responsive and engaging.

Brie has answered this, but I thought I'd throw it out there to other folk:

I just got pre-qualified for an FHA loan, have run some numbers of some properties, and received some from Brie. All in all, it looks nearly impossible to have positive cashflow house hacking on the Chicago northside with an FHA, unless I made some sacrifices I don't think I can make with my family.

All that to say, I'm wondering what my expectations or goals should be for our first property if any of you have had similar experiences or know others who have. 

Thanks all!