Rookie home purchaser advice

[Jadyn Rigby]

I am a first time home buyer currently in the process of buying a house. I have a house that I'm under contract on this house https://www.zillow.com/homes/1.... for about 600k, additionally my due diligence ends the middle of next week, and i have no hard money down if I were to opt out. I just want to get peoples thoughts on this investment. I am buying it with the idea that I will rent out the additional bedrooms to fellow single room renters (what I have been doing in the area for the past 3 years), and potentially turn the basement into a mother in law apt. Mostly i just want peoples thoughts on this as an investment. I picture i could rent out at least 3 other rooms to other people for 5-800 dollars a person but I also havent ever rented in the valley so it's just what Im trying to calculate based off of similar rentals I see online. Im pretty even keel normally but the sheer amount of money I would be putting into this has me fluctuating widely between very excited and very nervous as interest rates rise and the market is nuts. This is all leading me to reach out in hopes of some guidance from people who have much more experience in this field than i do. Thanks in advance.