Purchasing a 4 unit review

[Jennifer Velazquez]

Good morning-I'm new to bigger pockets forum, I'm been listening for a few months. I have three doors and am looking at a deal right now for a turn key four unit. It's in what I believe would be a C area and all 4 units are section 8 at 1000k each. They are asking 340k which is over the market. I'm considering putting in an offer around 250 up to 270. Operating-is 5k taxes and 3600 in gas, water & refuge. I would use a DSR loan with 20%down. I know this isn't-a BRRR but the cash flow is good. I'd appreciate any insight pros and cons.-thanks in advance

[Michael Dumler]

@Jennifer Velazquez 100+ days on market, there's a red flag somewhere then. The property is damaged beyond reasonable repair (although you said it's turnkey), the tenant's have not been paying rent at all, the rents aren't actually set at $1,000 per unit, the area is too undesirable even for investors to handle, etc. Your real estate agent should have provided more insight about the area and deal overall.