House Hacking w/ VA Home Loan

[Markus Stringer]

Hi BP Community! My wife and I are seeking to "house hack" a multi-family property here in South Florida using a VA (no money down) loan. It will also be our first investment property. For some reason, none of the numbers seem to make sense. I run the numbers using the BP calculator for when we would not live in the property. When I do, the COC ROI seems to always be negative but the Annualized Return seems to be great. Do I need to put money down on a "house hack" for it to be successful? What am I not understanding? Any advice is greatly appreciated!