Triplex Purchase Help
Good evening everyone! I am a newbie and working on my second deal. This triplex is located in Stillwater, OK (home of Oklahoma State University). Each unit consist of 1 bed and 1 bath and rent for $450/month and listed for sale for $110,000. I am thinking about renting 2 of the units as long term leases and 1 doing a short term airbnb type. Unit is located 1 block from downtown shopping and just over a mile from OSU campus. Just wanted to reach out to this to see what I'm missing. Is this a good deal? What type of financing could I get? My lender is quoting me a conventional loan at 5.8% with 20% down. Thanks in advance for any help you can provide.
Ryan Williams