Strategy suggestions for possible investment

[Jonathan Jacobs]

I'm in communication with an associate who owns a 4-plex in North Carolina and he is attempting to sale it.

What i know so far is

-3 of the 4 units are occupied with the 4th is soon to be occupied

- He's willing to assign the mortgage for 20k. The mortgage is assignable because it's a VA loan.

-the tax value is 119k and he wants 160k if potential buyer wanted to buy the property

- positive cash flow of 880 monthly (this doesn't take into account maintenance) he doesn't employ a property management company.

-He's divorced and he's told me that in the divorce paperwork it designates that he's able to sale the property. the profits just have to be split between them.

- It's like pulling teeth thus far to get this much information.

- He's informed me that he will only speak of the remaining debt on the property with a serious buyer.

My question is should I try and take this deal or walk away?