The 2% deal I walked away from

[Mike Krieg]

I'd love to know who would have taken this deal. 300k offering price for an 18 unit apt building where the gross potential rents were 6500/month. Unit mix is 14, 1 bedroom units leasing for $385/month and 4, 2 bedroom units leasing for 475/mo. 70 clicks away from my casa in Killeen TX. Would you have taken it? I had it under contract but chose to walk. I know I'm not providing enough data points to fully analyze the deal but on the surface of it the deal looks terrific.