I'm starting out as a brand new investor. Super excited to invest and have been aspiring to do OOS for a while. Currently in contract for a duplex in Milwaukee for 292k, 73k down, 7.125 interest rate. Using personal savings 20k and heloc 53k, mortgage/pt/insurance 2071, rent 1350 unit 1 (currently rented mtm) second unit vacant and could rent between 1400-1500 for context . Going in the deal I was excited and was going in head first and didn't consider the heloc payment in my calculations, huge rookie mistake. In my mind I originally wanted to do a BRRRR and use the refinance later to pay back the heloc but currently I'm looking to make some small replacements with appliance nothing huge to get back my full initial investment later on. Was stressing and getting cold feet when I realized this information and at the time had already dropped a 10k EM deposit so if I bailed I'm out 10k and no asset but holding on I'm on the hook for a mortgage and heloc payment. Thought to myself ok let's follow through worst case I sell later and break even or make most of initial investment back. I told myself I was willing to take some losses going in this deal and thinking everything through I'm stressing and learning all at the same time. I got excited about the deal because my realtor told me it was a good deal, mistake on my end was just taking his word and running with it without asking questions cause I was nervous and excited about the deal. Horrible combination or emotions to start off with I am aware of that now and missing the refinancing calculation. I was nervous to share my mistakes but I want to own them and seek feedback from the seasoned vets on here. Thank you all that take their time out to respond.