Opinions wanted: Buy or no buy? Turnkey in Jackson MS 39212

[Christy Osterkamp]

Opportunity for me to purchase a turnkey in S Jackson MS. Not in flood zone, not in high crime area. Seller will carry for 5 years at 7.75% with $6000 down. 3/1. Schools are of course 5/10, 1/10, and 3/10.

May not cash flow right away but to get this under contract for $6,000, no underwriting, refinance within 5 years, sounds like a no-brainer.

Opinions??