House Hacking or House Flopping?

[David Lund]

Hello, my name is David and recently I've been drawn to the idea of house hacking. After doing some research in my area the cash flow analysis does not seem to be profitable. For example, duplexes are ranging from $240k to $280k with rent averaging around $750 to $1,000 per unit. With an FHA loan this makes the monthly mortgage $1,900 to $2,100 (not even including the vacancy rate, capital expenditures, etc.). Does anyone have any insight, advice, words of encouragement, etc? I was really excited for this idea but after doing my basic due diligence I have been feeling discouraged. Thank you in advanced!

[Eliott Elias]

If your monthly payment after collecting rent is less than if you were to rent you're doing great