House hacking criteria

[Amber Stout]

Hey BP Fam! 

I hope you're all having a wonderful Saturday! I am in the Tampa area and I am actively looking for a duplex or triplex. I'm planning on living in one side, renting out the other for the first year through an FHA loan. After 1+ year, plan on potentially refinancing, and duplicating. When I'm running through the numbers (I'm running them as though both units are rented out), the cash flow is typically negative or if it is positive, it's less than $100 a door. One of the main reasons being is that I'm planning on financing through FHA / 3.5% down. Is there alternative criteria I should be going by since I"m planning on living in it for a year and using FHA. What would the metrics be when analyzing an owner occupied deal? Any advice or links in the right direction would be greatly appreciated.