Analyzing a house hack

[Gerardo Hernandez]

Hello everyone! I am hoping to gather some knowledge from you guys. I am looking at a fourplex that I want to house hack in the Midwest. The asking price is 264k and the current rents are 1.500 2.500. that are month to month  3. vacant 4.595 with a year left in the lease. The building overall seems to be in good condition other than the vacant apartment that will need fixing. Taxes for 2020 were $4,696. I was looking at rents around the area and the average rent for one bedrooms is around 650-900 depending on how nice and spacious it is. I would say these apartments would definitely go for the lower end in their current condition(Not very updated or modern looking/Small overall). I am currently driving for over an hour to get to work and I want to start something with my life and therefore I want to get on a deal that hopefully gets me in the direction of financial freedom one day. I might add that there is not washer and drier hook ups but there is coin laundry which according to the paperwork brings in an additional 70 dollars on average a month. There is also small storage units the tenants can rent out too. Give me any feedback or advise from what you guys have learned over the years. Thank you all!