Master Lease on Multi Family with Option to buy

[Alex Hamilton]

Is there any BPer with Master Lease experience that,  could suggest a Better approach to the following:

Trying to Buy 8 Units on Master Lease Purchase that,  Gross  is $5,600 per month.  Owner wants 300K for the property.  After debt service,  insurance and up keep, the cash flow is still $,3000 per month.  We are a non profit 501 (C) 3 I.R.S. designated housing provider that pays no property Tax thus, the higher cash flow.

10% of the $3000 Cash flow I keep, with the Balance going to owner who allows another 10% toward purchase option.