I'm only asking because I'd like to work on running the numbers but the pro-forma just doesn't show me all the information that I need for a proper analysis.

I am very capable in excel, having manually and mentally run the numbers of multifamily units listed online I have found that none of them come close to meeting the 1% rule.

I would run comps in the area to get an idea of his property is worth.

Also there is aluminum wires run to the main fuse box.

And will I run into any legal trouble doing this?

Hello Rob,I help run operations for ONEprop Property Management throughout the State of Florida.

You might want to run the question by an attorney or a title company in your state just to be sure.  

She quite a few units that are up and running and already have long term tennants.  

the benefit is that you can run multiple investments via your self managed investment vehicle.  

Based on my input criterion, my results suggested it'd be better to wait, but I'd encourage you to run some of the same numbers as your input variables will differ and could net you a different result.