Owner Occupied Duplex Minneapolis Analysis

[Madeline Graham]

I'm looking into owner occupied duplex purchase. Right now, list prices are between 350 - 400,000. Rents are about 1350 - 1500 for 2 bed 1 bath units. I'm currently looking at a 350,000, would put 20% down. With both units rented I'd be bringing in $2,900. Taking into account taxes, insurance, vacancy, maintenance the profit is $316. For owner occupied, I was told to only count half of the rent against mortgage. With a mortgage of $1900, that means I'd be responsible $1150. Realistically there is nothing much cheaper than $350,000 - is it even worth doing this? Any upsides I'm not thinking of to owning a duplex versus a house?