Does this deal make sense.

[Brent Breitbach]

so I'm looking at getting my first rental property.

I will be buying a duplex from my grandpa and residing I'm one side.

It has a long time tenants that he has never had problem with.

I am offering 200k and will be financing with a VA loan. Which will create roughly 20-40k in instant equity.

The tenants pay all utilities and the expenses come to around 1180$ a close estimate and might be less.

The tenants will be paying 900 in rent and I will be covering the difference for property tax and what not.

I plan on residing there while completing school than moving out at which it will than bring in 1800 which is about 300$ per unit for cashflow.

Does this sound like a good deal for getting started?