College student investor. Found a triplex!

[John Hemphill]

Hey everyone hows it going? I'm a college student and new to investing (this is my 3rd day of using biggerpockets). On zillow I found a triplex for 120k in New Brunswick NJ near my school. I want to house off-campus and I was wondering it if would be possible for me to buy this place using FHA and then renting out the other two rooms. Zillow says the morgage would be 650. I have two more years left of school and accordng to FHA 'd only have to live there a year (right?) after a year I could rent out my room and find another place to house at for my last year in college. I would have to figure out other expenses and the site says that the tax amount is 5086. Whats that mean? Is that for a year? I don't know much about real estate but using 3.5 FHA for a multifamily triplex seems like a smart idea. Any advice would help because like I said i'm a noobie :) thanks!

[Greg Leach]

I'd be careful trusting zillow's numbers... especially on taxes. Make sure you do your own research.