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I only invest in vacation rental markets where the vast majority of the tourists are driving into, rather than flying into.

To follow up on what @Guifre Mora said, here are the main things I would look at since it is a 3 unit and a quick breakdown for analyzing it.IncomeRental income  -Vacancy/Loss to lease (depends on area but 10% of income would be a good general figured to go with)Other income (if applicable, might have coin washers/dryers since it is near a college)Total IncomeExpensesProperty Management Fees (10% of income)Repairs and Maintenance (10-15% of income)Real Estate Taxes (can find on county's tax assessor's website)CapEX/Reserves (Can vary greatly based on condition of the property, roofs, HVAC, etc. 

That being said I just found a good opportunity to buy a multifamily home near my home town that I feel after analyzing will check all my "Brandon Turner" analyzing boxes. 

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@Adam SiegI run rentometer and then have a webapp I've created to further analyze the rent by square foot.

However, Bexar county has very high property taxes, so make sure you do your due diligence with analyzing.

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