Multi Family Purchase FHA Loan - good deal?

[Sean Lynch]

Hi,

These are my numbers, I'm new so I want to get opinions from others who are more experienced:

Duplex / FHA 3.5% down (12,775)
Purchase Price: $365,000
Gross monthly rent: $2700
Total Monthly Payment: $2400
50% rule: -$240

I have also heard that starting in June FHA is going to start requiring PMI for the full life of the loan. Any input on this subject?

Thank you!