Owning investment property while renting

[Malik K.]

Looks like I’ll be purchasing a multiplex for ~560k. I think it might make more sense for me to continue to rent my current apartment due to the conveniences and being able to walk to work versus moving into one of the units in the multiplex as I had originally planned. I’m being advised to put 20% down and afterwards I’d basically be breaking even with all the units tenanted. 

I don’t plan on living in Philadelphia long-term but probably will for at least the next year. This will be my first property. Is it a “bad” decision to put 20% down on this multiplex, likely have most of the mortgage covered by the rental income while continuing to pay rent at my current apartment? Greatly appreciate any advice. Thanks!!