1st Property having a lot of questions/doubt...

[John Davis]

To all pls provide me some feedback,

I've narrowed it down to an Triplex, 130k asking price. Total monthly rents 1650.00, monthly expenses $953, monthly cashflow is 697, Im considering offering 115k and pay closing cost to create the 697 cashflow.

Problems 

- only 16months of rent rolls averaging $540 per unit over that period.

- Unit is in an rural area very small community no PM team in the area, I live hour away. The place needs some small projects nothing MAJOR.

- Feeling like Im missing something.

It looks like an good property inside and out(pending home inspection).

Jd