Question about investing in my first duplex!

[Beth Zemichael]

I found a property that is in a very desirable neighborhood that’s for sale in a good school district area. The housing type-3 attached duplex’s. My plan is to live in one of the units and get an fha loan and pay 3.5% down. Is 375k too much for a first time investor? The property is in overall good condition and is already rented out. Should I negotiate? Should I start smaller? Also how long do I need to live in the duplex for this type of loan?