My First Duplex, and I need your opinions!

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Hey Guys!,

I'm looking at buying my first duplex! I currently have a SFR as well, I will be owner occupying the new property so that I can house hack. I'm going conventional loan and going to put 5% down. I'm having a tough time analyzing this property and want to make sure that this is a good investment for me. I know that finding a good deal is the only way to get ahead when it comes to investing. The Duplex is 2200 sq ft and is a 2 bed 1 bath for each unit. The units also have a basement that each has 300 sqft (unfinished). One side is rented for $800 a month and the other is $750 a month because he does the lawn work. The owner said that it is written in the $750 person's contract that he can be told to leave 30 days after sale of the property. The units are nice and updated and seem like a high-end rental. I believe we can rent these for $825 if we found the right tenants. We would be making the person who handles the lawn care move so that we could move into the property. They are asking 140k for the property, and what I would like to do is have a mortgage on the property that is paid by 1 person even if one side is vacant I won't go without the mortgage paid. I'm not sure we can make this work since they are asking 140k on the property and the taxes are $2100 a year. Tenants pay electric, I would pay the sewer/water. I don't want to low ball, but to make this work it seems like I may have to offer 125k or so and in this market, Idk if it would get accepted.

I will pretty much be using all of my capital to fund this deal even with the low down payment.I will no longer have a mortgage if I can get the numbers to make sense, which will allow me to really save. I will also be renting my current home out for $1200 and my mortgage is $900. For that property, I paid market price and that's why renting it at this time does not bring me the cash flow I need. We do plan on moving back into this property once we reside in the duplex long enough. 

They have put a brand new metal roof on this property.

The HVAC has always been serviced, but he has had the property since 2003 and it came with that HVAC. I assume that will need to be replaced at some point.

Hot water heaters are new as well.

 What do you guys think about this deal?

What is an acceptable offer?