Looking to House hack

[Aaron Arnold]

Hello, 

I am looking to purchase my 1st property and I guess I just wanted to run it by others before I pull the trigger. I am trying to house hack the property so what I have been looking for is an 2 bed 2 bath or more house with a separate guest house our unit. I got approved for an FHA at $294K. I live in the phoenix area and I am thinking about making on offer on this property - 4913 W Grandview Rd Glendale, AZ 85306. They are asking $269,900 but I would offer 235K and negotiate up to $250k. From what I have found properties in this area usually rent for about $1400.  I have about 25K saved up and make about 60K a year. I plan on living in the additional unit until I am able to purchase another property and start the process all over. I would appreciate any suggestions or insight. I am sure I am overlooking many factors so I would really appreciate any help you guys can offer.

Link to potential property 

https://www.redfin.com/AZ/Glendale/4913-W-Grandview-Rd-85306/home/27875265