Help with investment

[Carlos Suarez]

This is a property I am researching. So far this is the first one that has the numbers on the asking price. 

The issue is it is likely to be at 45 minutes from "the city". ( Small city so, here 15-20 minute commute would be average )

It is close to a lake, which may help attract the older population to it or stational ( vacation rentals? ).

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Asking price is 229,000

I believe offering 200,000 should make this a good investment unless I am missing something.

Apparently currently occupied which will make it cash flow since day 1.

My questions would be:

1. How do you judge the turnover of tenants? Is this public knowledge for a property? Will a realtor or broker know this? Again, my worry goes over losing the tenant and then having an empty apartment for a long time.

2. When a property is not in city limits, will rental prices drop? Checking the rentals around zip 72756 around the lake, I believe the tenants are currently paying average $. 

3. Not many Triplexes in the area. If you were to do your first deal, would you consider this property?

Thank you very much for any help you can offer me.

Carlos Suarez

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