@Neil G. a similar question was recently asked, https://www.biggerpockets.com/forums/432/topics/803088-negative-cashflow-apartment-building-what-to-offer?

I don't have the crime statistics but any area near a UNC school will definitely have students looking for a place.

My numbers show this with a negative cash flow, ~($100)/month. 

Let the Buyer comeback with a price and begin negations.

Hey all,Is there a website/resource out there in use similar to Rentometer that can easily calculate the estimated ARV of a project taking in variables such as neighborhood statistics? 

It's not good to have another negative point in your offer to show weakness of the buyer. 

So should I A) Try the mold test on the washer and if negative leave the washer and dryer in place?

From Mesa and Scottsdale in Arizona, to Jacksonville and Sarasota in Florida, these four cities had 50% more people moving in than moving out.To read HireAHelper’s full study examining US moving trends, visit: https://www.hireahelper.com/moving-statistics/migration-report/ .

Just remember: most negative reviews are written by problematic tenants.

It's not uncommon for a max 75% LTC cash out refi to make a property negative cash flow.