Analyzing Deals - Quick Question!

[Kris Mo]

I plan on house hacking using FHA and found a fourplex opportunity. However when I analyze the deal, I basically need to ask for $150,000 when the listing price was $220,000...Which I'm embarrassed to even request to my agent.

This is a dumb and obvious question but I have to make sure. Since I plan on living in one of the units, I don't count for my unit when analyzing this deal, correct? All of the expenses and rental income would be based off the other 3 units? So therefore, another investor who has the means to offer through conventional loan or cash and not planning to live there will offer higher since his analyzed data would have a higher income through rent?