Future house hack

[Trent Pappas]

Hi everyone,

I want to move to Florida and have been looking at the North Port area and nearby cities. My goal is to house hack using an FHA loan with 3.5% down.

The duplexes I've been looking at typically rent for around $1,200 per unit, while the estimated mortgage payment, taxes, and insurance would be about $2,200 per month.

Am I looking in the wrong area, or is this fairly normal in today's market? Should I be factoring in future rent increases, or is it better to base my numbers only on current rents?

This would be my first house hack, so I'd appreciate any advice. Thanks!