First Actual Rental Property Question - Upside down to start

[James Joseph]

I am looking at a 3/3 home with HOA in a prime location. Made in 2005. Very nice community. Its near all the big oil companies and the university. I put 25% down payment. It looks now that I will be upside-down $150. Look monthly rent will bring in $1400-1500. With HOA included my monthly looks around $1650. I know I will probably pay this house off within 5 to 10 years. Is this worth it, or should I back out of the deal? My last rental home (room rentals), I was positive $500, but neighborhood went down the drain so I sold it. Not used to being upside down. Please advise. This will be my first actual investor home.