Strategy for multi-family investment

[Shawn Blake]

New investor and considering a multifamily investment. The property is 2 units and a 3 story townhouse. I would be purchasing with an FHA loan, how do i assess if the deal is worth it?

The property comes with one unit occuped and they are paying below market rate. If my strategy is to have their rent pay part of the mortgage and invest in renovation in the unit i'd occupy, does this sound like a good strategy to raising the value? I'd even be open to airbnb a room since there are 3BR. Trying to understand how investors assess whether something is truly a good deal as its being advertised.