was my first deal back in 2011 worth it?

[John P.]

Hey all

FIRST POST! listened to many podcasts, such great info, one bad thing is that I found out about the site after I bought my first REI.

SO was my first deal worth it, hopefully I am not leaving any major details out, I would like some feedback on my thought process and what I should be looking at more when evaluating a deal as I will be starting to look at the next opportunity shortly

3 unit multi family - buffalo, ny - 2 3 bd I rent out and I live in attic 1 bedroom loft

215k with 10 seller concessions for closing costs, did a fha first time home buyer 3.5 % down, with everything my pB was 209k.

PITI; $1,730

rents on first 2 units; $2,000

expenses - user fee - $400

water sewer $200 quarterly

put in around $15k on my unit since I converted a studio into loft

not really cash flowing at this point but I figure once I move out I could get around 700 for my unit. I am looking to buy and hold and take out equity for next property

HOW BAD DID I DO!!!!????