Too Good To Be True?

[Izzi S.]

Hi Bigger Pockets!

I have been analyzing deals for some time now and I think I finally found a deal that seems to be worth buying. YET, I am nervous that I am missing something big that will make this a flop.

Deal seems to be profitable day 1 ( According to my conservative calculations at least 10% Cash ROI with an possible 20 % if all goes well). 100 % occupied with "long term tenants".

The property is a multi family in Michigan.  

I am nervous about things like not being up to code or having to install fire suppressant systems... Who knows.... its basically the fear of the unknown.

Any advice for a newbie?