Should I buy this property?

[Katrina P.]

Hi guys,

So I am analyzing a 6-unit.  Please let me know your thoughts.  Personally, I'm not crazy about it.  Details below:

Purchase Price:  $124,900

Contains (5) 2-bedrooms and (1) 1 bedroom

Rents: $3,490 totally rented out

Water/sewer: $100/mo

Garbage:  $213/mo

Pest Control:  $68/mo

Taxes:  $450/mo

Insurance:  $250/mo

Property Mgt:  $279/mo

Lawncare:  $100/mo

10% Maintenance:  $349

5% Vacancy (low vacancy area historically):  $174.50

Total Expenses:  $1983.50

Financing:  Bank (80% note):  $830 (15-year term); Seller (10% note):  $99.  Still deciding what I'm going to do about the last 10%...whether I'lll do cash, another loan or combination of both.

No known deferred maintenance, but will have inspection done.

So what say you, BP?  Yea or nah???