Investing in Multi Family

[Jay Patel]

Hi,   

This is my first multi family property that I am buying and that too in a rural area where rental property has a demand and want to ask you some question as it has a doubt.

The 3-unit property which rents for $600-650 each is selling for 275,000. Total rent I will get is  $1800- 1,950 which I know is less than 1% rule but the property tax on this property is 1000$ per year which I guess will composite for 1% rule. My total expense with 20% down including insurance and property taxes will be around 1200$.

Regarding vacancy at this area will be very less as the apartment always have 5-6 months waiting. 
What do you think for this deal and what all should I do consider.