Reading numbers? Anyone ?

[Yuriy Didukh]

Hi guys. I'm not a real estate investor yet, just looking around to learn numbers, have no desire to burn badly on first deal . I was thinking  about house hacking a duplex for a year and renting after .  The duplex that I'm talking about estimated to be around 290000 but I would not pay more than 260000 for it, each unit would rent about 1300 a month and property tax around 5000. Would that be any reasonable or what should I pay for the house to make rental price work. Thanks a lot for any and all comments .

[Michele Fischer]

BiggerPockets has calculators that you can run your numbers through to see how it looks.  You need an estimate of other expenses (mowing, snow removal, maintenance, insurance, etc) and to understand what utilities you will be responsible for.  What is the loan payment?  So you'd live in it one year then have both sides rented out?  I'd analyze it with both units rented, then separately look at what your living costs for your half will be compared to current situation.