6-plexes that are working on a monthly loss...should I buy?

[Ana Hyler]

I'm looking at 2 6-plexes, 2 buildings that are owned by a couple from out of state. The units are not generating a profit now, mainly because of management and neglect to update/upgrade apartments. It's a good location and I will be able to rent each unit for about $450 a month. The buildings are next to each other but need work done to get back to profitable. Asking price for both units is $400,000.00 which is a little less then market value. I can buy a 6 plex without need of repair for $220,000, but I like the location of the 2 six-plex better. Please tell me... what do you think of this potential deal? would you buy a property working at a loss ??? Please advice... I don't know if I should proceed forward. Thank you for your help and comment in this matter.