Investment Advice (House Poor or good investment?)

[Jean Pierre Jabo]

Hi fellow real estate friends,

Here's a question I have and that I wanted to see your opinion on. As Dave ramsey recommends of not taking on a house mortgage thats more than 25% of your monthly take home pay. Should I follow this rule when investing in real estate.

Recently bought a 550k house with an attached ADU unit thats projected to bring in atleast $1500 monthly income if it has a renter. However since the purchase is high, mortgage on a 7.12% interest rate for 30yr rate plus HO insurance etc is about $4300 a month. should I follow that 25% rule or not. My take home pay is about 6500 a month.

Its our first home btw. and we plan to live in the main unit for atleast 5 years. Location is about 5 minutes from garden of the gods, CO Springs

Let me hear your thoughts please

Thank you!