Overwhelmed... looking for input or feedback

[Alberto Osorio]

Hello BP so I came across 3 different multi unit properties and it looks like I might get all 3 offers accepted. I'm not new to investing or owning real estate but my experience has been mostly SFRs, and smaller multi unit type properties. The 3 properties I'm currently looking at purchasing are:

A. 16 units consisting of 8 duplexes all on the same block and all rented out grossing $12,300 / month in Stanton, KY for $720,000 with rough monthly expenses of $3,700 / month according the listing agent. 

B. 9 units consisting of 4 duplexes and a single family home in Columbia, SC most of which are rented out and grossing $4,075 / month and are all in the same 2 block radius for $181,000.

C. 8 units consisting of 3 buildings on 2 acres grossing $2,750 / month in Bainbridge, GA for $110,000.

All of these properties had multiple offers and have only been on the market for 2 days or less. 

I'm working on gathering and compiling a lot more data to help in making my decision but I'm mainly just trying to make sure I bounce this off BP since there are so many knowledgeable and helpful people on here. 

I'm looking to buy the two less expensive properties all cash and finance the 16 units with 20% down through the same lender that is currently holding the note with the current sellers. 

I'll be posting more info as I get it but any constructive input is greatly appreciated and sorry in advance if my figures are vague but so far from the numbers I've crunched it seems like they're all good deals. 

Alberto

[Christopher Bunge]

I am in Columbia and know about that package.  It was for sale a year ago (for somewhat less money) and they are what they will always be which is cheap, edgy rentals in a C- neighborhood.  But the cash flow looks good.  I have had a couple of calls on these as well as 2413 Gordon which is nearby. I think that one is seven houses for 200 grand.  These callers ask why these people are bailing after a year and I tell them that my guess is that they bought them because they could afford them but the buyers had very little experience with properties like these and the tenants that rent 450-dollar apartments here.  
If you have lots of experience with cheap rentals then these will work.  They worked for the previous owner, Tyler, for many years.  I am curious what you plan to do for property management?  Check carefully with managers who do this sort of management because there aren't many around.
I looked last night at my emails about these from last time and I told my potential buyers to expect 8-10K per door, not per structure, in rehab. Maybe you have better contractors and a more coherent plan than the current owners apparently did.  The numbers look great and I hope they do well for you.