1st triplex; owner ocuupied

[Mica Moore]

I'm looking at a multifamily Triplex to buy & owner occupy 1 of the units ( so 2 rentals). 50% down mortgage $1700 ( includes taxes & Insurance). Turn- key updated/ low maintenance units. Income for 2 units is $1100 each ( so $2200 income). Not yet sure the rest of expenses but between the $500 net income per month it should be a break even. So basically my living quarters would be free for me. Is this a good deal? Or should I try to find something with more cash flow?

[Mica Moore]

Quote from @Olivia Leija:

Hello Mica,

Why would yo put 50% down if its your primary home? Have you looked into FHA loans or NACA loans? That would be another option as you always want to keep reserves when

 3 reasons: 1. 1031 exchange from my sfh rental ( have to transfer all of the equity) 2. Interest rates are high & a larger down is needed to get any cash flow. 3. I want the property paid off before I retire in 20 years.