Need Help Analyzing a Property

[Matthew Lindsey]

Hi, so I found a off market property that I need help analyzing. I think I have given it too much thought and have mixed feelings about it. It’s basically 3 properties that contains 3 duplexes each for a total of 9 duplexes. I was given an initial maintenance figure and I feel like it should not be as high as the number they gave me. The amount I was told equals 26% of gross income and that’s only maintenance. The units were built in 1998 and 6 out of the 9 are all brick. I feel like this is a management issue or a few bad tenants. I’ve ran reports with their numbers and mine and it doesn’t work with their numbers. Would y’all walk away from this property or go off what you believe it could/should be? They may be trying to maximize their tax deductions. I hope these links to the reports work. (I haven’t tried yet to talk them down on price) From what I have seen there should be at least 25% equity in the property at their asking price. 
https://www.biggerpockets.com/...

https://www.biggerpockets.com/...