How Much Cashflow To Expect? FHA, Hacked MFH. Riverside County CA

[Stephen Bagnani]

Okay I am doing research on getting my first deal. I want to set up auto notifications with some real estate agents. Tell me if this is wrong.

Hello Realtor X, Please notify me of all XX-plexes that come into the market that I can buy with an FHA Loan 3.5% down, live in one unit, rent out the others and make at least $XXX of cashflow.

I would like to utilize an agent for now, since I do not have my own actual license.

In broad terms, say we found a good deal on like a 4-plex. What would should I be looking for in income? Is it realistic to say 1000 dollars a month cash flow if all units are rented? Or would I be lucky to break even?

I want to at  least get some leads coming in while I am furthering my education now, on the chance that I could get that deal sooner rather than later. I just need a bit more of a frame of reference for this market.

Let me know if I need to elaborate on anything.