Is this a good deal?

[Graham Lutz]

I came across this and it strikes me as pretty good.  Vacancies are low in the area and these rents are low for the area.  What am I missing here that this would not make sense?

[Scott Skinger]

Your expenses are below 30% which is too low. Evaluate the property at 50-55% expenses and see if the returns match your investment goals. Right now you have $5000 budgeted for maintenance and you don't have a capex reserve budgeted. Apartment turns, new carpet, new paint, replace an appliance here and there, new roof, windows, driveway, etc. That's going to cost you more than $5000/year. I would have AT LEAST 5% for R&M and 5% for capex reserves.