Is $1000 a month a good enough amount for a house hack?

[Christopher Powers]

Hi everyone. I’m looking to do my first deal and after crunch the numbers, I’d be looking at about $1100 in positive cash flow a month. I’d be doing a 203k loan to get some work done. After the year I’d be able to rent out the other apartment and my monthly positive would increase to $3100. I’m just worried that the first year isn’t enough to help save up in case anything goes wrong. Any help is appreciated