Buying a rental property with no cash flow

[Prashant Sharma]

Hi, I have an accepted offer on a duplex in an A+ neighborhood but the current rents will bring negative cash flow with 25% down. Leases expire 2-4 months after i am supposed to close at which point i can raise rents. The market rents will then bring me minimal cash flow ($150 /mo) if I self manage (although I don't have a lot of time to do that) with 10% for prop repairs and NO other allowance as vacancy should be zero. The property needs some minor repair/cosmetics updates.

The market may appreciate in future but would you invest over $100k+ down in a property like that? Am I making a bad decision?

Thanks