First Property (2/1 turnkey duplex)
This home is going for $299,000. I have a VA loan for $350,000 with current rates (4.8 I think). This duplex has been remodeled is in the process of clearing section 1 fixes and asking seller to also fix section 2 with papers providing inspection on home for termites. VA requires sellers to have property ready to move in without major discrepancies.
My estimated monthly mortgage will be around $1650. Rent around here averages $1100-$1300 (let’s say $1200). Va requires me to move in to the unit and stay for one year. Do you guys think this property is a good deal whether I stay or rent out the unit I vacate in one year with the information provided above or what else am I missing?