Keep your head about you.Ask this question:  'What reasons should I walk away from this deal?"

Also appreciate your doing it to encourage others.  1) Totally understand where your coming from. This

Is this a good or bad idea?

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

So I just wanted to present the raw facts, hear everyone's opinions, and obviously gain some knowledge and tips from investors! 

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

Quote from @Patricia Anne Cawood: Can you give me more details about your deal first? 

This is the BEST $100 you will ever spend, and if you listen to Amanda Han's tax book, you'll know it's also likely a business expense for you to write off :) https://biggerpockets.supercast.com/My perfect way to learn from the BP books is to listen to the audio book through the subscription above, then books that really stand out to me I go old school and get the physical copy so that I can re-read it, take notes in the margins, and put post it notes so key points are easier for me to re-reference in the future.

The problem is no one book is going to be detailed enough for your specific state and county.Right here on BP there are lots of discussions about tax liens.

Any help or tips/tricks would be greatly appreciated.Thanks!