First time Investor ( wants advice)

[Christian Cummings]

Ok, so I'm looking into investing in this duplex using an FHA loan. The property is $119,500 after financing my Mortage should be around $900.

I’ll live in one side for a year then rent it out. The property is in Lawton Ok (Military town). I’m a little nervous but I really want to do the deal. But is this deal worth it? Both the units can rent 600 a month. With a little rehab I would up it to 650. I’m just nervous is it worth it?

[Chris Szepessy]

Once you account for Capex, maintenance, management, vacancy, etc, there won't be much, if any, money left for cash flow. Might even be negative cash flow at that point. Based off the info provided, it doesn't seem to be a good deal.