Is this a good deal on this MF??

[Alison Lee]

Property is in the Southeast. It's a 10 unit/5 building MF property and they are asking around 475k. The units are 2bed/1ba and have been going for $500/mo. 

If I put 20% down I can get a solid CoC return. I can conservatively net 25k after expenses.....

It might be Section 8, don't know yet. Do these numbers look ok?? They are around 850sq/ft units built around 12 years ago. 

[Bjorn Ahlblad]

@Alison Lee Those rents are low, and that typically means lower quality tenant. Some LL swear by section 8 others not so much. Section 8 tenants typically stay at home and slowly wear out the units. So you will have higher expenses. Look at the whole picture and decide what is right for you. All the best!