4 Plex analysis

[Dean Klein]

There's a 4 plex on the market about 20 min from me in my hometown, 4 2bd/1 bath units, haven't seen the inside yet but there are 3 long term renters and current rents are $275, $350, $350, and $400, I'd like to increase rents to $400 each unit, price is $47,900 but can probably get for $40k and seller is willing to carry note as well, taxes are 2k a year, homeowners is 700 a year, what do you think so far? 

[Sarah Seaton]

what is the market for keeping it rented with a town of 300 people? Dig into his past rent roll for several years. What is the economy of the town? going up or down? who rents the apartments?