You're picking a great time to move here - lots of activity going on.

So you are essentially looking at 1500 a unit for a 3bd- 1200 a year for insurance seems low, to be honest- unless you got a quote for this prop 2160 a year seems low for taxes 1200 for lawn/snow a year is high... this winter was bad, and it also depends on if you have a driveway etc or just street parking Closing costs- you can get a good faith estimate from your lender- they may be a bit higher Also, you want to consider if you would be inheriting tenants.. or if they are way below market rent, 

I would be living under the same roof, different unit.Property numbers that I've thought about:Listed price: $79,0003 units (currently renting at $425, $450, landlord/$0) - month-to-monthRight across from school, in a Class C neighborhood, street on nicely kept residential with regular police presence, but sketchy loan places within 5 minutes and crime map is full of "disorders".House built mid-1800sMonthly ExpensesTax -- $138.75Insurance -- $62.50Utilities --$60.00 (split with girlfriend)HOA -- $0Vacancy -- $60.00 (5% of the time or unless I really mess up Valentine's Day)Repairs (cleaning) -- $100.00CapEx (replacements) -- $100.00Prop.

I'm also looking forward to become an active member in this community! 

I'm actively buying multifamily and single family to hold. 

welcome to bigger pockets @Faheem B. stay active on the site, it is a great tool for all levels of investing.  

I am an active investor in Rochester (one property being actively  rehabbed and one under contract atm) as well as licensed agent and if you would like to talk more feel free to reach out. 

It’s all crap and it is better that you found it out prior to getting taken for more than you did.There is a ton of info here on BP for free or for very low cost so I recommend you read books and stay active here to learn.

I am glad I did not buy in the tree street area.

There are usually lectures that can help you be informed about various topics in real estate, and if you introduce yourself and ask others about their investing, you might meet the person that can help you out as well.One other thing, listen to the podcasts here on Bigger Pockets: they can give you a lot of information as well, and are super entertaining.Lastly, be sure to stay active in the forums: it's a great way to learn and to connect with others!