New to inventing and want to know your opinion

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Hi all, 

I am new to investing and very close to my first deal. I live in NY and I found a two family property asking price $529K each floor has two bedroom and one bathroom and a finished basement. each floor can be rent for $1700 and basement $1200. I'm planing to live in one and rent the basement and the top floor. Annual tax is $4512, the area is up coming close to transportation and supermarkets. I'm currently paying $1800 a month for my apt which is below market rate. after using BP calculator, if I pay the asking price with 3.5% down, I will be paying $1300 a month toward my mortgage.That is $500 saving from my current rent,  Do you think it is a good idea for a first timer to invest this kind of large money?  Thank you and I appreciate your feedback.

Oumarou