FHA House-hack: Too Much Competition

[Zachary Jensen]

I'm trying to buy my first small multi to house-hack with an FHA loan in Utah in the area around Hill AFB (Ogden, Clearfield, Riverdale, etc.). A lot of people when they talk about house hacking say you should make your offer such that your portion of PITI plus expenses is less than what you would pay to rent a similar unit. However, the issue that I'm running into is that if I price my offer that way, I will have negative cash flow when I move out. And if I make my offer such that it cash flows after I move out, my offer is too low to compete with any other buyers. Any recommendations?