Im 18 years old, and have watched and read a lot about real estate. Im interested in multi family homes, living in one unit, and renting out the other 3. Im in the process of working for job history. I have a credit c...

Guys n Gals:  this is NOT synergistic nor networking. 

@Roy N. 

The fha sounds like a smart way to break into the nations most profitable market since 2000 (SF, SD 2 n 3).

he also has a pitbulll dog which is scary they only let him out in their backyard that liability is not includedi n the master policy maybe on his ho.  

I agree with @Sandra N. it all comes down to management!  

@Leo N.

I ran the numbers and would love some feedback on things that I am overlooking or mistakes that I made in my calculations.Here is the property listing: http://www.zillow.com/homes/for_sale/Provo-UT/1190...I did these numbers as if I was not living in the property, hence the two rents.2841 W 1680 N$184,000$6440 down (FHA loan)$177,560 mortgage with 3.8% interestExpensesMortgage: $827Taxes: $70Insurance: $50Vacancy: $75Repairs: $150 (old house)Total Utilities: $150Property Management: $150 (eventually)Capital Exp: $150 (old house)Total: $1662IncomeRent (upper level): $750Rent (bottom level): $750Total: $1500Cash flow: -$162It looks like I would have a negative cash flow so this isn't a deal.Although it might not be a deal, how are my calculations?

Just curious how everyone (agents) are doing this:for fix n flips or whole deals - do you run your deal through your brokerage?

Hi Sandra N.