House Hacking my first SFH?

[Oscar Urquidez]

I've been renting for the last year and I'm tired of paying rent. I'm new to all this rental property investing, but I've been doing lots of reading and listening to podcasts as much as I can. I'm currently a college student and I have enough money saved to cover a 3% down and closing costs. I'm currently thinking about getting a SFH around $130,000 that has 3 rooms and a big enough basement to make a 4th. I plan on renting out 3 rooms to my current roommates for $300 each, and split the house utilities between the 4 of us. That should be just enough to cover the mortgage payment. I wouldn't be paying rent, however, there wouldn't be any cash flow. The day I do move out, the SFH should bring in $200-300 in cash flow. Is this something I should do?