Is a duplex the right first investment property?

House-hacking basics: financing, rental math and what to look for on a tour.

Why duplexes work for first-time investors

Living in one unit and renting the other can help cover your mortgage while you learn to be a landlord.

• Owner-occupied financing options

• Rent helps offset the payment

• Hands-on landlord experience

Run the numbers first

Estimate rent conservatively and budget for vacancy, repairs and capital expenses before you fall in love with a property.

What to check on a tour

Look for separate utilities, the age of the roof and mechanicals, and whether current leases transfer with the sale.