Should I expect cashflow on my first house-hacked property?

[Diego Furlan]

Hey, there!

I'm hoping to get your opinion on this I found a property that I can live in while renting out a basement and another unit (House is a duplex with a basement). When I calculated my cashflow, it came out as a negative amount. So, I would still need to pay about 1/2 of the remaining expenses. I am still thinking about going this route to get more hands-on experience while also saving a ton of money from my current apartment lease. I'd put those savings towards a second property investment that would actually generate positive cash flow since having more capital would allow me to get a lower mortgage payment (while still taking into consideration my CoCROI %).

Am I going down the right road or do you have other suggestions?

Any feedback is truly appreciated!

Thank you,

Diego Furlan