Investing to live then Rent a Condo in/near a City

[Mitchell Walier]

Hi Bigger Pockets Community!

Does anyone have any advice for buying a condo just outside of a major city? I've probably looked at ~50 condo's on the MLS and can't get any to cash flow let alone an 8% CoCR.

I set about 1% for capital expenditures and 5% for maintenance. Due to my savings I can only realistically put ~15% down at most for these properties so I will be looking to do an FHA loan.

Nearly all the listing are recently rehabbed so I haven't found any to do a BRRR with unfortunately.

I will be commuting into the office starting very soon and I love the area so I do NOT want to move out at this time in my life. My best case scenario would be to buy, rehab, move out in a year to a new investment property, rent, refinance. 

At this point I feel like I'm getting analysis paralysis but to achieve my goal on some of these condo's I would be putting down an offer 25% less than asking...

What do I do?

Thank you so much for the help.