Buying Multifamily 2 -4 Unit At A Discount?

[Nolan Mahoney]

SFH and multifamily housing in my backyard in the northwest suburbs of chicago are signicantly high, im talking some are almost at $400,000 just for a duplex in some areas witch is crazy to me, the only way to cashflow would to be buying full in cash. so this brings me to my question. How do you feel about buying multifamily housing at a discount? Obviosly id love to do that. in my opinion i look at multifamily as a buisness, the asking price is irrelivent and it should be bought on how the property operates as opposed to SFH where the home is sold at market value. What is your opinion on how i should go about offering a price at operational value with FHA financing?

Thanks