First multi family investment,Out of state and in C Market

[Ken Tsai]

Hello BP family.

I found a property in one of the C market in AZ.

Asking price - 178k with 10.2 % Cap rate. 6 units

Full renovate in 2017-2018 so low maintained cost

The place is 100% occupy. With annual 8% occupancy rate. Currently rent is $3114 monthly.

Seems like a great project to start as my first my investment, but my auntie who live in AZ told me the neighborhood isn’t the best.

Any suggestion ? The property management is in place already but is there any additional question I should ask to insure they can handle any situation if comes out ?

Thank you :)