Is $100/unit CF achievable on a 3.5% FHA loan in the right area?

[Bret Kingcade]

I've spent the last couple hours looking through old threads and it seems like this is a heavily debated topic that I wasn't able to determine an answer to. I live in the midwest suburbs near Kansas City where prices are higher than the rest of Kansas but are nowhere near the levels of intensely high markets like in California. I am looking to house hack with a 3.5% down FHA loan and there are duplexes for sale in at least ok areas in the range of ~180-250k asking prices. Essentially my question boils down to: Can and should you attempt to use the same minimum requirements for a deal as you would for someone using conventional financing? Do you base your figures for determining the deal's viability around a future refinancing or around the numbers with your current PMI? I'm referring to figures I commonly see like $100 minimum cash flow/unit and 12% COCROI (both of these for after you have moved out and rent both sides). I simply want to know if that is reasonably achievable or not. If it is possible but requires more hustle and more rejected offers then that is fine with me. I just want to know if I would be wasting my time sending a ton of low offers to make the numbers work. AKA: Would my time be better spent waiting a few more months and saving up more money? OR can it still work but will just take longer to get a deal accepted? Should I adjust my expectations but still proceed?

Sorry for the wall of text. This has really been giving me some analysis paralysis so I would greatly appreciate any input to help me direct my efforts. Thanks!