So, I have an opportunity that I think could be really lucrative. I may be able to purchase a number of triplexes. Each unit is individually deeded. These are all basically the same. They have three single story units. All units are 2 bedroom 2 bath, Built in 1983 and have an attached 2 car garage. These are in a secondary market in Texas (known for oil, hint). They range from 1,200 SF to 1,400 SF but really are not all that different. All are currently rented. The average in place rent is $1,735 / month with 12 month leases. The finish out is OK - with plank flooring painted cabinets and black appliances. All have WD connections, fireplaces and built in shelving in the living room. Brick exterior and new roofs in the last 5 years. The property taxes are about $2,600 / year and insurance is maybe $1,800?

So the question is, what would you be willing to pay for one of these units? Assume no significant deferred maintenance. No HOA in place.