House hacking duplex
Please see my deal below.
Duplex side by side - 2 bed 1 bathLocation: Lincolnton, NC. 40 minutes from Charlotte, NC
First property purchase. Would live in one side and rent the other. Current rents are $650 & $515 on a month to month lease. I’m estimating a $1400 mortgage payment.
I would appreciate any advice the community might offer, or questions I have not considered. I do want to ask if anyone has been in a similar situation where the current rent of one rental does not cover the cost of the mortgage? I understand the management efforts that come along with this also. Any thoughts BP?