Buying Multiple properties on contract

[John G.]

Hi,

I have recently found myself in a possible situation where I could buy 5-6 50k single family homes on a single contract.  I'm unfamiliar with such a deal.  I'm assuming its just one contract with multiple properties on it.

I have been actively buy/rehab/hold multifamily properties.  Trying to create cash cows.  The single Family homes are a little different.  What type of cash flow does one expect to get from a smaller single family.  I am kind of changing my strategy because of this opportunity.

The deal I have going is they will prob cash flow 150-200 per house after expense and debt service.

For the down payment some houses need some work....so they will allow the down payment to be the work that I put into them.

This deal seems alright on paper....anyone have any insight on this.

thanks