Thanks for the answer's.it was online auction for the Benton county court here in AR.as i said in May they did one auction for all the 3 properties 16+17+84=117 Units. the first two are multifamily houses and the 84 unit's are one complex with 8 buildings. this time they separated the auction to 3 , the starting bid for the 16 and 17 was $150000 and the 84 started at $800,000 , anyhow the 17 units complex got $400,000 bid and it says no reserve met, my goal depending on the fact that nobody bid in the last auction was $280,000 each the 16 and 17 units complex and 1,100,000 for the 84 units $1,560,000 and maximum of $1,750,000.now the 17 units has gone from the listing so i believe they sold at for around $400,000, and i still want to buy the other 100 units,  $280,000 for the 16 units and $1,100,000 for the 84 units I want to know if my prices are reasonable?  

I'd probably buy 15 homes and have some reserves aside to deal w/ issues that come up).

That's what CapEx reserves are for.  

I am currently working on building some reserves before I do my first deal but I am also looking for partners to help get into the game sooner.

Capitol Expense reserves (depends on Age and Condition of property)Obviously these percentages are not hard and fast.  

Also add in a 10% monthly reserve for maintenance.

I would continue with the deal, but would make sure you model capex reserves for future repairs.

Focus on building up a cash reserve to broaden your opportunities!

But don't forget all your other expenses - taxes, insurance, utilities, landscaping, municipal rental license, HOA fees, reserve for repairs/improvements. 

My condo fees are astronomically high each month ($569) due to the community not funding the reserves and being a neglected 36 year old community with many needed repairs.