Purchase House Hack?

[Gery Teague]

I'm looking at purchasing a house that can be turned into a duplex. The area that it's available in is very expensive. The investors I talk to don't purchase for cash flow there and instead use it to realize appreciation. There are almost no multi-family available and this could be used a short term rental too b/c of the high vacation numbers in this area (resort town).

Monthly Principle & Interest = $2000
Monthly Taxes & Insurance = $800

Monthly Long Term Rental = $1250
or
Monthly Short Term Rental = $2000+

While we live in it... Purchase or not?
Also, this would free up another rental of ours to bring in another $1500/mo

Thank you for your help!
Gery