First Potential Rental (Listed at $1mil) at 20 years old

[Kaden Fascella]

Hello everyone!! This is my first post on bigger pockets and I just wanted to pick everyones brain about my first potential rental property.

This property has 2 homes on it, one home has 3 residential rentals in it, the other has 3 residential units and 1 commercial space. As I mentioned in the description, the listing price is currently at $995,000. It was originally listed for $1.3 mil on 07/19 and with-in 2 months they dropped the price 3 times to what it is currently at. All 7 units are currently rented for a total rent of $14,100/month. The total property tax for both homes is $40,099/year, and the one home is in a flood plain, so I need to purchase flood insurance and the listing agent told me that runs about $20,000/year for this home.

I'm someone who struggles with analysis paralysis and over analyzing my spreadsheets. I'm mostly writing on here to see if other people would consider purchasing this property with the details given. If you would consider it, would you offer asking price or throw a kind of low ball offer at like $850,000?? I want to lean on the side of offering asking price cause how could they say no to that; and also when you do the math on the month-to-month income, it only comes out to be like a $500-$600 dollar difference in monthly cashflow. I'm scared to offer something like $850,000 and loose the deal all for a couple hundred bucks more a month, this already seems like a pretty big home run. I'm only 20 years old, never bought a rental property before, have a ton to learn and just seeking some advice from those who are more experienced. Thank you so much for taking the time to read this, I really appreciate it!!