I am very cautious about stuff like this but if i find anything interesting or worthwhile considering I can let people know.

That being said, I don't have the information I would need to say for certain, but that sounds as if that's a high price for the asset you're considering to buy.

You can make real estate work in any market - I would consider investing in a market that you know.

Have you considered creative financing options like joint ventures or seller financing to reduce reliance on outside capital?

One major things to consider that many newer investors miss with 5+ units, is that if you intend to hold, the property will need to be at least 75% occupied and stabilized before you will be able to find reasonable financing terms. 

Hi Jaycee,Chose this area because my partner already had a section 8 rental here that is doing well and has a team set up.I have no experience with section 8 tenants.Appreciate the advice on starting an LLC.

If you want to spend the money you can consider triple pane.

The problem is, none of it is based on actual comps, and again, the word "cute" doesn't have anything to do with setting those numners.What you need to do is a full analysis of the comps for both rent and sold in your area. 

Maybe that's not the case for you but it's something to consider; the life expectancy for the systems in your house. 

@Aaron Zimmerman Good point about structure set up and determining cost bases.