How to rent multi family home and be profitable ?

[Varun Khatri]

Hi Gurus,

I am a beginner into real estate and exploring the option of buying multi family home and renting a part of it. How can I be profitable or live free of cost if average multi family home is about 300-400 k in the area. Even if I rent the part of house at 1500/ month still I end up paying 30-40% of emi from my pocket. 

Can you share any creative ideas that you used to buy house at such price and still make money out of it ?

Any expert can guide me ?

Thanks,

~V