House hacking advice

[Hiro Kitagawa]

Hi all, my name is Hiro and am a fairly new BP member from Cincinnati OH area.  A bit about me, I purchased my first property roughly a year ago which I'm currently renting out.  I bought it without knowing much other than wanting to invest.  

I'm now looking into house hacking a triplex in a fairly rebuilt part of the city, and would much appreciate you all's insights.  The property is on sale for $200K, on a street among $170K - $350K houses.  Below are some bullet points:

• On sale for $200K
• Built 1906 (normal for this area)
• Three family home
• Last sold 2011 for $118K
• Rental income in the area for 2BDR (same as what each unit has in this building) is approx. $900 - $1,100
• Based on $900 x 3 units (if I don't reside) / 8% vacancy / 5% maintenance / 10% cap-ex / 8% property management fee, cash flow calculates to be approx. $450/mo.

I will go see the inside this week with my realtor and handyman.  Before I do, what are some key points I should be looking for, or consider?

[Brett Pirie]

@Hiro Kitagawa I've been participating in the forums for my local area which are, fortunately, quite active with members who really know the area and like talking about it.  From time to time I poke around in the Multi-Family and Apartment Investing forum.  Some people are talking about big apartment buildings (100+ units) while others are talking about smaller deals (5+ units) which interest me more.