Philly Burbs Too Overpriced to be Profitable?

[Edward Karcher]

I am currently looking for my first investment property.  I am planning on house hacking a multifamily home in the the bucks and montgomery county areas.  The issue I am running into is that all the homes are priced 100k plus over meeting the 1% rule.  Do I just start offering what they'll surely consider low ball offers and see who bites?  Anyone in the area have and incite or tips for tackling this challenge?