Can an FHA loan buy cash flow?

[Matthew Elkin]

Hi,

I’m a new BP pro member and I’ve been putting in my reps on the rental property calculator. My problem is I’m trying to get out of my apartment with rent skyrocketing and I just don’t have any money for a big down payment at my 64k salary with 80-90% going straight to either rent or bills. If I scrounge and save for the next year or two I might be able to afford a 3.5% down fha loan but none of the calculations I’ve done in the Salem OR area have come close to being cash flow positive on Multifamily homes. Am I doing something wrong?