Evaluating a package

[Tom C]

I have been presented with a package deal. 7 homes a total of 11 units. When I evaluate the deal as a package it looks pretty good, but when I break each unit out and run the numbers several are falling short because the rents are below market.

My question is, how do you evaluate this deal, both ways as I am, then go back and get a better price on the low performers or do you simply look at the big picture or do I factor in that the rents have to come up to meet the market? I imagine I should be evaluating the deal as present market rents and not what he is currently getting.

I will present the deal details when I actually walk the properties.