Should we move on this 16 unit? On heals of a great do you don’t you podcast today.

[Dan Goeckel]

We were offered an off market rural 16 unit two building investment at $800,000. Each building has a boiler system and tenants pay electricity. We would be responsible for gas and water sewer. Current owners use RUBS for other items. Current rents average $850. (8)two bedroom 1.5 bath and (8) single bed/bath. It is about an hour from us and we currently self manage (16) units. Our reserves are about 7 months and we have a HELOC open to us but hesitant because it is so far away and we also work our "9-5". Currently it would be a break even on expenses estimated. If we do a land contract and put $107,000 down after selling one maybe two building, net gain for us of (8) units.…we are waiting on $$$ for taxes, water and gas to run boiler system. But the buildings we have are good appreciation and good cash flow overall. We can afford to give up some cash flow but it would make things risky tight for 3-4 years. Any things to think about please?