Mortgage Insurance on FHA loan?

[Hector Salas]

Hello BP community. My wife and I, are in search for our first multifamily investment property. We will be using the house hacking strategy. We have ran the numbers on many, and have came across a few that might work. However, I was not aware of mortgage insurance on FHA loan. I am planning on only putting 3.5% down, so my mortgage insurance payment would be really high, and this brings my ROÍ down on those few potential properties to a negative. Has anybody else faced this issue. Any advice would be much appreciated. Thank you in advanced.