Is it to much?

[Devin Voelker]

Hey Biggerpockets fam, first time homebuyer here I would like some opinions on if buying a house at almost your max buying power is to risky. 
My household brings in $6,900 a month  (83k a year) we are buying a house at 395k 6.625 interest rate. Piti is $3,150, the house has a adu in the back it’s a 2/1 780sqft fully renovated.
long term rent: 1k-1,200

Mid term: 1,800-2,200 (7 minutes from a major hospital)

We plan on renting it right away, in your opinion should we go long term or mid term? Is it to risky to buy a house at that price at my income with the intention of househacking it?

[John Mason]

Devin

You have done the rental comps and checked how long a house stays on market in your area before it rents out right? Like FurnishedFinders, Roomies.com etc to see if it appeals for MTR .

Also you have reserves for a few months in case it does not rent out quickly? Maybe a good idea to connect to a local investor friendly realtor who can give good inputs