Glimpse of a landlord with a C- property

[Mike Hanneman]

Today I went to check out a potential property. Cash flow was going to be around $1100 -$1200. Property was an 8 unit. In the 40 min. that I was there with my agent we witnessed a drug deal going down in the property. A nuisance complaint about a barking dog that turned into a heated argument and then a fist fight. All this with the tenents who have leases in place.

This would have been my first property. So I'm glad I got to see this first hand just to know what problems are out there.

Is it crazy for me to still think about this property if I can get the purchase price low enough?