Top of Budget Duplex

[Jordan Babich]

I’m a first time home buyer & want to house hack by purchasing a duplex. I found an excellent property in an extremely desirable location. I’m concerned because the margins are slim and it’s at the very top of my budget. The positives are that this property will bring high-quality tenants and high volume of applicants when listed for rent. My question is: is this a good move? I’ll be moved out in about a year and this probably should cash flow at least $500 /month while fully occupied.