First Time Buyer Owner Occupied FHA

[Adam Bublitz]

Newbie here. I'm hoping to get some input on a potential duplex I would like to purchase.  My plan is to live in the unit for one to two years paying myself the rent and saving it for future costs/repairs. Then keep it and buy another duplex. Here's the numbers on one I'm looking at.

Asking price $193500. Taxes $4463. Insurance $948. FHA financing $7,000 down payment. Currently renting for $1000/unit. Tenants pay water/sewer/electric/heat.

I'm not looking to live for free, however, I want to know if the basic numbers make sense to get positive cash flow after moving out and renting both sides for $2000/month. Is the cashflow worth the purchase price or should I keep looking?

Any advise or input would be helpful