Newbie with an opportunity for a multi unit purchase

[Anne Laurenzi]

So, a property near me just posted a few hours ago. It's 6 units. 1 duplex that is 2bed/1bath and a 4-plex that are 1/1 each. They want $120k. At MINIMUM, I could get $600 for each duplex unit and $400 for single units. That's being very conservative. Without repairs and 20% down plus closing costs, I'd be in for $32k. This gives me about $600 cashflow and a cash-on-cash of 22%. That's if I go low on all the rents. I also went really conservative on the vacancy, repairs, and cap-ex. I drove past it and it looks like it's all rented out as of now.

Here's the catch. There are no pictures of the interiors and it is in a VERY low-income area. Obviously, I wouldn't buy anything sight unseen and would go look at all the units first. My concern is getting into way more than I can handle. Do I want to start my real estate investing career dealing with a low income property?

Here's a link to the property if you want to look at it. The street view makes it look a bit better than what it looks like now.

https://www.trulia.com/property/3275822033-6630-Applegate-St-Milton-FL-32570

Any advice/encouragement/discouragement would be really appreciated. If I get more pics or info, I'll update the post.

Thanks,

Mike