Can my first deal be too much!?

[Darin A. Scavella Jr]

Good day everyone.

I have come across a potential  deal as my first investment property. 

Here are some details on it:

- 56 unit satelite complex

- all in (purchase, cap x, cost of money etc) about $3.5 Mil

- Cash flow of $9000.00 - $12000.00 p/m

- Coc Roi of 9-12%

A bit more due diligence is needed but thus far the numbers are looking ok.  Like I said this will potentially be my first MF deal. I have not done this before. I don't have an "official" team yet, and I don't even have the company official set up as yet (Redeem Properties).

Now my experience in RE is that I own a few properties and my house but that is it. I never got them thinking that one day I would be a RE investor. 

Thank you.