Price to Rent Ration in South Puget Sound Area

[Tyler Brunette]

Hello! I have been hunting for the last 6 months for my first duplex to house hack. I have more than enough for an FHA but want to save 20% for a downpayment ideally. Looking at how overpriced the Tacoma duplex market seems (5-6% cap rate) should I buy now, or wait to save up the 20% down to avoid PMI and work on my career in private accounting. Looking at a budget of less then 340k for a duplex or triplex since I had been approved at that amount. Feel free to ask for additional info.