DEAL OR NO DEAL??

[Aryelle Collins]

I'm looking to start investing by living in a duplex and renting the other part out. This duplex is located in Tampa and the owner is willing to owner finance. The terms she offered me are:

Down payment- 15k

Loan amt- 100k

Interest rate- 5% for 10 yrs.

I will owner occupy the 1/1 but it's currently renting for 550 and the 2/1 is currently renting for 850 bringing in 1400 per month. The taxes are 923.14 and there are separate meters for utilities paid by the tenants. 

This will be my first deal and I am trying to limit as many mistakes as possible. Please give me your advice and remember I will be taking over the 1/1 after the purchase.