Buying my first rental property and living in it

[Reed A.]

I just ordered the biggerpocket book "Rental Property Investing" So i'm sure it will give me a lot of help.

But I thought I would get a jump on some of my questions here.

I was thinking about buying a four plex to start with. I found one that I think might be a good buy.

 It's close to 500k, near two college/universities, and the rent will go for about $925 a month. It's being built over the summer so it will be move in ready by the end of this summer. Also I plan on living in one of the units for a year.

Does this sound like a good idea? What thoughts do the experienced renters think?

Thanks!

-Reed