Is it worth buying or too much risk?

[Heval O.]

Hi, I bought a condo townhouse a few months ago for 465k with 20% down, 3% interest and a monthly mortgage of 1565 at 3% (ported mortgage) + 175 in condo fees. I'm now considering buying a 2nd unit, a freehold townhouse for 475k with 20% down and no condo fees. I'm unsure if I should move into the new place in the spring, lower my personal expenses by taking advantage of the lower interest (~2%) and write off the rental income due to the higher expenses OR stay and rent out the new place for ~2000-2100/month and make ~300-400/month in rental income. This is my first deal so I'm really not sure what to do. Am I taking on too much risk/debt?