Purchasing First Investment Property

[Oraude Boston]

Hey Bp, Good Afternoon. Hope Everyones Having A Successful Day. I Have A Question.... I Came Across A Potential Deal That If Purchased Will Have Built In Over 90k In Equity. But Doesn't really Cash Flow Until the 3rd Year Of Ownership Based On The Financing I'm using. Im Pretty Much Breaking Even On The Cash Flow Side of Things. I Plan To Use A FHA Loan To Fund the Deal With No Additional Repairs. The Property Will Be A SFH and Already Have a tenant That Is Interested in Renting. Would Investing Into A Property Based on Equity & Breaking Even on Cash Flow A Smart Idea?