Package Deal - Assessing it's Value

[Alex Huang]

I'm currently eyeing a bundle deal of about 10 homes with 13 units. The homes are divided in C+ to B+ areas with stable rent demand, etc.

All of the homes are currently rented out with a mixture of month-to-month leases and long-term leases. 

The asking prices on the package is close to $630,000.

Gross rents among all the properties are about $105,000.

I haven't walked through the properties, so I am not able to assess their indoor condition, however my initial research suggests that some of the buildings are also a little below market rents. 

What are people's experience with these bundle packages, assessing their true opportunity, and things to look for when evaluating these types of deals?