Owner Occupied Duplex

[Joni F.]

Any advice would be appreciated.

I've been searing for multi-units in the Dallas area, and i found one that may be worth going after. This will be my first ever purchase, i'm a little nervous, so i'm looking for feedback. It's  a duplex about 40 miles outside of Dallas. It was built in 2006, has been on the market for 284 days, and is going for $185k. One side is currently renting for $1000 and the other $950 but could go for more. I would want to occupy one side of the duplex.  Does this sound like a sound deal worth going for, and should we low-ball our first offer being that it's been on the market for so long and the pricing has dropped from the original asking price of $200k? It's also on a huge corner lot, enough footage that another unit could possible be built in the future. Any advice on how i should proceed?