Advice on my first investment - triplex rental

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Hey everyone, after searching for a while I decided to get my feet wet and partner up with a good friend of mine. We have our eyes on a triplex and we both really like the numbers. It's not in great condition but all three units are being rented at the moment. Would love to hear everyone's opinions on this deal and hopefully we can catch something I may be missing. Price: $160,000 Current Rental income Unit 1 - 1000 Unit 2 - 1300 (section 8 & only unit with a lease) Unit 3 - 800 We spoke to all tenants and they are all fond of staying for at least another 2 years. Unit 3 is unsure how long but is planning on staying as well. Property Taxes: $6215 ( one of the highest tax rates in the country I believe ) With an FHA we're planning on putting 5% (8k)down and calculate closing costs to be around $3500 All separate hookups. Tenants have been here for around 2-3 years each. New roof, floors and walls had some renovations 2 years ago, but the second floor ( unit 2) seems to be in a bad situation. They're happy with it apparently but the kitchen floors and walls are horrible. Along with uneven wood flooring in 2 bedrooms. It would need new paint and new flooring when they move out or in the next 2 years I suppose. Other than that, nothing functionally wrong. The mortgage will be around $1100 Rental income is $3100 There's some new development around the corner and some luxury building projects popping up around town. We're expecting the area to raise in price over the next 2-3 years. To me the rental income is great. Does anyone see anything wrong with this deal? Lastly, has anyone had experience when investing in a rental property with a partner? We're thinking of 60/40 or 50/50 If 60/40 is the case. And I put down 60% what else is expected of me? It seems fair that I should put in 60% of the work as well correct? And if any renovations or repairs come up? Should we be doing 60/40 for everything if we begin at 60/40? Thanks for any help and advice!