Plan to purchase first property (SFH) for primary residence
So my plan is to utilize the VA loan and wrap the closing cost as well with 0% down loan. The only fee would be the lending fee, which is roughly 2.5% of the loan. The total loan would be roughly 300k for a 4 bed 3br. The plan is live in one room and rent the other three rooms on airbnb in CO Springs. After looking at some resources (craigslist, zillow, airbnb) I think I can rent each for for roughly $650 before airbnb fees (service,cleaning,etc). Total mortgage cost would be near 2k monthly, while total rental income before taxes would be $1950. Does this sound like a feasible plan for someone who has never purchased real estate and wants to start? CO springs recently passed an ordinance for short term rentals, which I don't fully grasp either. CO springs seems like a good place for low vacancy due to domestic migration and tourism, but please let me know if am misinformed. All advice would be appreciated.