Questions about my first property

[Patrick Brodeur]

I am in the middle of buying my first rental. It is a 4plex with 3 1 bedrooms and 1 2 bedroom. All rents are currently 700 with the hope in the future to getting them up to 900 and 1100. Is it wise to buy this place fha 3.5 percent down and have to spend around 600 of my own a month on the front end. With it in mind that I will get rid of Pmi and raise rents in the future.