Can't cashflow on multi-family because of high mortgage payment

[Daniel Roman]

Hello BP! your opinions and thoughts will be very appreciated.

I have currently been crunching numbers on deals in the Broward, Florida areas. I am using the BP rental calculator on duplex,triplex, and fourplex in the area. The problem is that after I crunch numbers I can't get a positive cash-flow. Granted i'm just using the properties I find online to study, and I can probably find better deals If I dig deeper. But none the less I find it absurd that I can't find positive cash flow on one property. I plan on using an FHA loan with %3.5 down payment. The local consist of triplex from 200k-300k. Is my mortgage simply too high to be profitable? Is this kind of REI not sustainable in my market? Are there any alternatives to cut my monthly mortgage payment with only %3.5 down? Would highly appreciate your feedback, Thank you!

[Russell Brazil]

If you are using an FHA loan, then the property needs to be owner occupied. You should not be viewing a house you live in with a very low down payment through same way you would view an investment property with a 20 to 25 percent down payment.