Good Deal or Bad Deal

[Marvin Scott Butler]

Hello BiggerPockets, I’m need some advice to see if this a good or bad deal. I’m starting out and my realtor proposed deal for a single family property for 217000 thru Chenoa loan which pays the down payment and is forgiven after 3 years of on time payment.

The mortgage 1450 which includes hoa property tax and insurance.

My plan is to house hack stay there for a year and then rent it out hopefully move into a multi family property which my goal

I want to invest in the Pinellas/Hillsborough county in Florida area but multi family property are hard to come by with FHA any opinions or advice thanks