Nervous about closing on this property

[Christian Johnston]

I’m in San Diego. My goal with purchasing a property is to reduce my rent to 2k or less/month while starting my real estate portfolio.  I plan to hold the property indefinitely and to eventually refinance it for a down payment on another property down the road. It’s a $1.05million property with 4 units. 3,2,2,2 and brings in 7k rent. It’s in San Diego in a high appreciation area (Superba street). I’m getting a 4% sellers credit as well. Calculating out expenses for this property, looks like a negative 200-700 a month. It’s newly renovated and the vacancy rates are low in this area. So capex, repairs, and vacancy shouldn’t be a huge cost. My rent each month will be 1800, below my goal. I want to pull the trigger but wondering what BP thinks?