Thanks Sue the problem is not the property it is in very good condition and a descent neighborhood.  

I did not factor the math in as a LTR + STR but just a LTR so it did not impact me financially as it was just gravy.That is not to say yours will, but I notice in the better neighborhoods tenants do not want guests coming in & out.

It’s a beautiful wooden cabin-style property that I’d love to restore.

While driving for dollars, I’ve come across a neighborhood that’s older but is surrounded by new construction.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

You can use Zillow and zoom into the neighborhood and look for other recent sales and see what the prices are going at.  

It will be the only ranch-style triplex in the area that I know of.

Located in a beautiful neighborhood desirably close to schools, shopping and all the amenities Aberdeen has to offer!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $775,000

Cash invested: $250,000

Great deal on a property people were afraid of.

If they did they would have better economic policies , create safe neighborhoods and investor/business friendly atmosphere, to make their citizens prosper and able to afford the houses they live in, instead of losing it to banks in foreclosures.