Condo's, I know its not MF, but....

[William Huston]

I have been striking it dry with my MF searches local to me, so i have been expanding my thoughts and wanted to get your opinion. There is an investor selling off/cashing out on what seems like most of his rentals. He has like 31 units for sale on the MLS all over town mostly condo's and villas. He currently has listed 5 x 1/1 condo's in a pretty nice condo building about 5 mins from my house. They are ranging from 22k-35k for the units with all already rented currently @ $500/month. I want to say $550 could be supported in the area, but i have never invested in MF or 1/1 units. So i wanted to get your opinions on them. With my current financing i could easily pay cash for the 2 cheapest units and finance the other 3.