First multifamily

[Dannie Barlow]

Working on buying my first multifamily. It's an 8-plex in a b- c neighborhood. I know the area pretty good. 7 units are already rented for about $600 each, 8th unit needs a total rehab. Price is $290k. There's a lot of maintenance that has been put off, owner lives over 1000 miles away. Property management is lacking, all but 1 unit is on a month to month lease because the old lease has expired. They are accepting partial rent payments and not evicting in a timely manner. It will be a though process to get it back operating correctly. Any tips or ideas going into this?