<prompt> Human: Hello rpersonalfinance, long time lurker here with a situation that has been stressing me out immensely the last 48 hours. I apologize in advance for the wall of text while I explain how I got myself into this mess. The background is that I am in the process of moving from Hawaii to Maryland, and I am looking to buy my first home in Baltimore with the VA loan I am currently Active Duty Military. The neighborhood that I am looking at Locust Point, Baltimore is ideal for me and my SO because we work in geographically disparate locations.I had always envisioned the thought of purchasing a home, a fixer-uper type, having some roommates who subsidize my mortgage, working on it for a few years and hoping to flip it and make some extra money. My latest situation is a little different from what I had envisioned... I had looked at a few homes in the area this last weekend which all ranged in the high 400k to low 500k range. My VA loan has an upper cap of 517,500 and is pegged to my roughly my housing allowance 2,358month. The property taxes are a nightmare here 11kyear when not a credit year.Just yesterday my realtor called me in a concerning tone about the property that I had mentioned that I liked the most A brand new home listed for 514,900 - the last available of a large development that is nearly finished. Apparently there was another buyer that was about to make an offer on the property, and because it was a brand new property the company building the homes was basically going to give the home to the first person who ponied up the deposit and signed the contract. Although my spidey sense was tingling, I ponied up the deposit money 5K and signed the contract online, in a rush last night. I had trouble sleeping, and now I am worried if I have just set myself back financially in a major way.Some of the reasons I used to justify my purchase were: a 5 year property tax credit 18K, and the construction company and lender are willing to offer a significant amount 15K to offset my closing costs 31K. Financially, if I want to buy a place in the city with a garage - buying a new home is actually cheaper than buying a place that is a few years old. A garage is sort of a requirement for me.In order to afford living here I will have to have roommates, which is my only cause for concern. If I have trouble finding roommates for a sustained period, the home will be a net financial loss for me. I have even toyed with the possibility of AirBNB.I am still in my 5 day grace period where I can back out of the offer if I dont like the HOA agreement, and would appreciate any comments you guys may have. This is my first home purchase, and may have missed something. My monthly breakdown of costs for the next four years looks similar to this:Mortgage - 2300Taxes - 600HOA - 147Utilities - 150Insurance - 150Total 3500monthIt is a 3 Br, and I could potentially rent the additional rooms in the house for anywhere from 700 to 1000 dollars a month. So if I were able to rent out a room and have my SO pay some rent, I would be above water. If I could rent out both rooms, I would be doing even better.Is this the stress every new home buyer has, or do I need to abort this abomination while I still have a chance? I feel like this all happened so quickly and that I may have made a major-misstep. Any advice is greatly appreciated.  <response>: Get out of it. Youre depending upon an awful lot of things going right for you in order to not turn this thing into a money pit. Save up more for a downpayment and try again. 