Seasoned MF investors lend me your eyes.

[Michael O.]

Looking to get into my first MF property. It would be an out of state investment for me. 24 unit asking 850k

Concerns

-The area doesn't seem to be the greatest. Although broker claims in the path of progress. 

-Price per unit is on the high side along with rent for the area

-It seems to be managed well low occupancy rate, however there are many like units that have been on the market for a long time (zillow) .

Please see financials below, these are not Proforma rather actual..