Looking for input on potential first deal

[John Wicker]

I have been looking to get started in my real estate investing journey. Recently ran into a long time friend.  He proceeded to  tell me he was just considering a potential deal on a private commercial sale and asked if I wanted to go in with him.  The deal looks pretty good to me, but was hoping for some input from the community.  These numbers came directly from the seller as he personally knows my friend. 

Selling price $350K (we are hoping to get him down to at least  325K)

Down payment 20-25%

total rent (3 units) $4,500

Taxes ~$1,000/month

Insurance $200/month

CAM $500/month

Emergency fund $300/month

The building could use a good refresh from what I hear (going this week to look)

Seller has offered to have a new boiler installed 

New roof might be needed in 5-10 years. 

What do you guys think? I am excited to get started on this journey.