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Finally offer accepted on duplex, tips?

Situation: Active duty Army officer deployed in Eastern Europe (thanks Putin) for another 2 months and I’ve had my offered accepted on a 2020 duplex 3bedroom 2 bath 1 garage each side about 2500 sqft total, concrete floors and passed inspection with a mortgage of 340k total monthly payments of 2600 using VA loan with no down payment and about 18-20k in cash for rainy day. It’s located an hour from Austin is good town but decent neighborhood outside major army base so not worried about demand.

I already own a first 3 bedroom 2 bath SFH that a wonderful family has occupied while I’m deployed, hence I want to keep them and would rather purchase a new place and collect 250 in cash flow from this family.

My intent is to occupy duplex for a year and rent out other two bedrooms for 500-600 a piece, and other side for 1200-1400 depending on demand. Then leaving duty station and renting both sides.

My question is: I am locked in for a 5.2% interest rate causing the mortgage to be 2600 instead of 2200 what I hoped for so I would have to refinance after year to cash flow on this property after I leave it to property manager. Is it worth the gamble if interest rates don’t go down? Would you close on it?

submitted by /u/Hideyourtoes199
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source https://www.reddit.com/r/RealEstate/comments/uapkvd/finally_offer_accepted_on_duplex_tips/
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