Overpaying for a duplex?

[Tyler Puzio]

So I'm looking into a duplex that is fully rented (3000/month) and would cash flow at the price I'm trying to get it at. The listing price is 359,000 but I would like to try and get it at a 10-20% discount. With closing costs and down payment I would be spending around 65-70k with a 30 year fixed interest mortgage. I live in an expensive market but the numbers work out if I can get it at a discount. The problem is that would be the large majority of my savings. Should I instead keep looking for something cheaper or something that I can get with an FHA loan to try and keep my CoCROI higher? Any advice would be great, I'm a new investor who refuses to get a bad first deal. Thanks!

[Mason Hickman]

@Tyler Puzio

If you would want to live in this particular house, you can ask the Seller to deliver one of the units vacant at closing. That way you can utilize the FHA loan and not use up all your savings.