Would you do this deal?

[Jeremy Holcomb]

32 units that need major renovation. The asking and repair price is over my rule of 65%. However, these are two bedroom units and I would section 8 them under market rent to fill them quickly. In the loan portion I included cost of renovation and purchase price due to I would borrow the renovation money as part of my loan. The cash flow alone seems to make it a great deal. What do you think? Also, do you think a HML would lend with it being over 65% value due to the return rate and cash flow.