Working Towards My First Deal & Need Help

[Lou Ruggieri]

Okay so this is my first post here so if I am posting in the wrong forum, I apologize in advance.  Basically, I need advice and help.  I have a few residential multifamily deals under my belt, but it's time to upgrade to something bigger and I think I found it.  But, as with any giant step forward, there is a tremendous amount of trepidation.  So, I'm hoping with some help from some experienced people on here to avoid any major red flags or pitfalls.  

So without getting into to many specifics, below is the the Income/Expense sheet as well as the rent roll.  This is a 24 unit complex with 4 vacancies.  There are no major fixes needed as of yet that I can see from the onset.  But my initial question for you all is aside from the leases being out of date, is there anything on these sheets that looks suspicious or does it raise any red flags to any of you?  I'm working on coming up with an offer, but before I do, I want to make sure I'm not missing anything.  

Thanks in advance