What would you do in this situation?

[Joseph Romano]

My real estate agent sent me a great property. It's a tri-plex with a 3/1, 2/1, and a 1/1 set up (Bed/Bath). 

My current goal is to purchase a rental that cashflows. However, I have ran the numbers multiple times with a FHA and conventional loan. Cashflow is only possible if I did conventional. But I barely have enough to do the conventional and I don't want to completely drain my savings and have none left over if unforeseen expenses occur. So, what would you do?

FHA (living in 1/1 set up)
FHA (living in 2/1 set up renting to roommate)

Conventional (renting all rooms)