Property Info:3 BR / 1.5 Bath / 1200sq ft Bought in 2017 for $163500 Down payment of 5% + $3k in closing costs30 yr FHA loan @ 4.375% Remaining Principle Balance: $145kMonthly rent: $1500 Vacancy: it’s never even had to go to market to fill, but I’ll say 1%/mo just to be safe Cap Ex: I bought it freshly renovated, but I’ll use 5%/ mo to be safe Repairs: 5%/mo to be safe, but in 3 years of owning it I’ve probably spent $100 total on repairs.

I can rent the other unit for $1300-$1400 in that area leaving me only $600 left to pay have been hoping for the renter to cover mortgage, but looks like in my area Houston, TX Brand new duplexes/ even older ones run around 250k-300k.So heres my list of Pros and Cons im trying to weigh out Pros:Brand new no fixes for a long timeIf i moved out in a year (FHA purposes) could cash flow up to $800 afterMe and My girlfriend would save money if we split remaining $600 in half so $300 a piece saving us each roughly $250 in rent Cons:Dont know if paying $600 is really considered house hackingDont know if thats too of a price or if i can build equity in a Brand New Duplex.This is my first step towards investing so Any feedback/ advice is welcome!

Having 7 projects going on myself in the Pinellas county market, I'm beginning to see a slight drop-off in home values but the demand remains.

I really like the notion of collecting remaining deposits over time in the form of installments if need be.

If the property is cashflow negative according to one, it'll remain cashflow negative when the exact same numbers are transposed onto the exact same spots on a new form, that contains the exact same math. 

I'd like to sell one of them through a 1031 exchange, and use the proceeds, to purchase the second one so that I will own it free and clear, and use remaining to put a down payment on a to be determined multi family.

A relative (more than likely) has passed and real estate remains as part of their estate. 

Or if rates remain high/or creep up more, you have a peace of mind being on a 30 year term at a fixed rateBut what's the goal here?

Remaining three are...DallasPhoenixHouston

If the dollar was to fail would the investments you make today remain sound in an uncertain future?