Have you contacted apartments personally or are you taking the brokers word? 

If you are looking in the Branson market, give him a call (417) 973-1987Super exciting - keep us posted on the property performance!

Subscribe to the business journal in that area to keep abreast of local business developments.

They look nice and helped me keep homeless people out.

I have heard on a few podcasts people do over pay just to keep the money from taxes.

You would then periodically pull the ap up and "swipe left of swipe right" for business or personal trips.

Remember though your not paying retail price... buying all five at one price should be more of a wholesale price.Left the maintenance person with free rent out of the calculations... that is for you to decide after you buy the park. 

I personally am not a fan of "old" (1920's year built) properties because they may have obsolete wiring, plumbing, windows, foundation problems, etc....yet they can have charm and are often in great locations. 

Make sure you pay on time, keep insurance perfect, head down, eyes on paper. 

Now, that said, let's give the contrary view, and why I wouldn't personally do that deal:-Limited appreciation potential for at least 3 years on this property based on location and demand, and no opportunity for forced appreciation-Risk with Section 8 on cap ex -I look for cash neutral on 15 to 20 year notes-positive cash flow of 144/month does not excite me, especially since I prefer appreciation potential -I avoid rentals that require more than $2000/month in rent to work given lack of demand at that price point in North AlabamaAgain, I ran this example just for educational purposes.