house hacking multi family

[Brandon Morgan]

Hi so I'm looking to buy a my first investment property soon. I am looking for a duplex or small multifamily I've been leaning towards the house hacking/ BRRR method but everything is so expensive in my area. houses are at least 300k in my area, I make decent money but it is still a lot, I am more worried about monthly payments than anything else. I do believe getting a multifamily would help a lot when it comes to monthly payments and would be a good long term investment. maybe depending on the rent to mortgage ratio id be making a slight amount of money monthly after a year.

should I be concerned about the high interest rates and wait for property values to start dropping? or should I just be aggressive and keep searching for deals in my area? should I at all be concerned about a possible crash within the next year when buying a property?