Good first investment?

[Dale Petersen]

Hello everybody. My wife and I are getting ready to move due to me getting a new job. With this move in mind, we were looking into buying a 4-plex on a FHA 3.5% loan. We were planning on living in one of the units. The current landlord charges under market value for some reason and has stated making $1,300 in monthly gross rent. I've calculated the area and it should be much closer to $2,100. The house has (2) 2 bedroom one bath, (1) 1 bedroom 1 bath, and one studio. Could anybody give me any insight as to why it would be so low? He is currently making the tenants pay for electricity, water, sewer, and trash. With this in mind, with insurance and yearly property tax, he's still making a decent cash flow. Can anybody give me an good tips or insight if this would be a good first buy property for investing?