[Calc Review] Help me analyze this deal

[Matthew Haban]

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Would you do this deal? 200 per door. Rural area and days on market are 128 days. Property has been on and off market for 3 years. This would be our first duplex/property tenants are long term and just signed another year lease. Will be self managing this property. Any advice you would give someone trying to buy first property? Thanks in advance.

[Eric Long]

I know it is area specific, but always double-check tax records as most of the "rules-of-thumb" values way under price actual taxes. The same goes for vacancy -- at 5% you're assuming less than one-month of vacancy per year? If they have been long-term tenants with no desire to move, then that would be a more fair-figure.