First Time Home Buyer for Future Rental

[Mariah Destruel]

Hey there!

I am wanting to take advantage of the first time home buyer programs offered with a low down payment. I plan to live there for a year and then start renting out the place. I'm trying to stay completely unemotional and just look at the numbers since I will only be living there temporarily.

I found a small one bedroom in downtown Denver for a price that I can afford, but it seems the rental rate and the mortgage will break even.I hear multiple thoughts that if it's a good location, the rents will go up, so as long as it breaks even it's okay. But I also hear that it should be positive due to cap ex. I do plan to hold this property long term too.

Any advice is great appreciated as this is my first deal!