Analysis of Duplex in rural area

[Tom Juhn]

I am looking at a duplex in a rural area of Northwest Indiana. The SP is 148,000. The annual rents are 16500.Taxes are 4300. Insurance is $1200. My concern is two fold:

1. Finding tenants in rural areas. Does anyone have properties in these areas and what is your experience in finding tenants?

2. What to start negotiations out at? I was thinking around 125k and not go over somewhere around 132k.

Thanks for the help.