First Investment Property

[Breanna Bobadilla]

Hi BP! 

I am in the process of buying my first property in Philly using an FHA loan. I found a 2 unit property I liked in an up and coming area of Point Breeze. The prices for rent in the area is lower than I anticipated, but the area has been developing more and hopefully in the next year or so we will be able to increase the rent as the value of the area starts to go up. Would it be a poor investment to start off with a negative Cash on Cash return? I am very new and trying to navigate the waters, so any insight would be great!

Thank you!
Breanna