Potential FIRST Multifamily Purchase (Need Advice)!!

[Cole Doyon]

Hey guys,

This is my first time posting on BiggerPockets, and my first time I am actually heavily considering a deal.

This is the BiggerPockets Rental Calculations: https://www.biggerpockets.com/...

I feel like I used rather conservative numbers there, and the property still cash flows extremely well.

Am I missing anything? I know Akron has a high crime rate but still... I feel like this is a steal.

What are your guys' thoughts? I would really appreciate any advice you guys could provide!!

[Nathan Harden]

If you are good buying a house built in 1900, go for it. I do not see this appreciating well to be honest. It is super old, so depending on how long you hold onto it, could get very difficult to sell. That being said, you only had insurance at $3.00