It's a pretty good deal and definitely made sense for us.

The quick answer is "yes" AND there are deal analyzers on BP's site.

While buying one that’s up and running might seem a good idea - paying for speed - if you’re not quite ready, sometimes the best deal you make is the one you don’t make at all.

In addition to public Service Jesse Brewer is a real estate broker with over 20 years’ experience in dealing with rental properties both as an owner / manager, but also as a broker selling them.

I am in the Milwaukee market and we deal with this often.

I would get the same deal if I did another with the same lender. 

Find an area to focus on, research it for 6 months, then score a deal.

Was that deal a multifamily too?

Quote from @Jonathan Small: @Dan Maciejewski I agree that property managers can make or break a deal. 

Many banks wont touch deals that are sub 90% occupancy, so you could negotiate short term seller financing to help give you runway to make the building bankable for a refinance while you reposition it.