Should I buy this rental property?

[Michelle Mayfield]

Hi everyone,

My name is Michelle, and I'm from SF Bay Area in CA. I'm new to real estate investing and I'm interested in building a rental portfolio. I've been looking to start getting rentals in TX, and I came across this multifamily in Houston, but due to personal reasons, the only way that I could buy this property is with seller financing. According to the listing, the owner is open to seller financing with a "substantial down payment if I qualify", and I thought that was weird. The property is currently fully occupied, but the rents seem lower that what the market rents should be, but I could be wrong.

My question to all of you seasoned investors is should I go for this deal? It's been on the market for 40 days now, and I can tell that the owner is also an investor (I assume he owns the property free and clear because of this), but it makes me wonder why hasn't this guy sold the property already? I'm nervous because I don't want to risk too much on a deal that I don't know much about how I'm going to set up the deal, since I'm by myself with no mentor. Any advice helps. Thank you!