It looks like you’re taking all expenses in properly, if the rent in here is the max you could charge then I’d say walk away.

Using good debt properly and effectively is mission-critical!

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

Asking Price is 556k        Appraised Value "Sales comparison approach" 598k         Built in 2004Decent location in the middle of townAll units currently rented "Units leased are 1 year leases" Unit A Leased Dec 2018 $775Unit B Leased Sept 1 2018 $700Unit C Leased Nov 2018 $900Unit D Same renter for 3 years, month to month current rent $850, they are upping the rent to $900 in Feb 2019Unit E Leased Oct 2018 $900Unit F same renter for 2 years, month to month current rent $850, they are upping the rent to $900 in Feb 2019Unit G Leased in April 7 2018- March 31, 2019 $700 Unit H same renter for 3 years, month to month current rent $675, they are upping rent to $725 in Feb 2019Total current income = $6,350   After rent increase next month income will be $6500Expenses - Tax $817- Est.

In WI You can require the tenant provide proper paper work from a Wisconsin Licensed Professional to evaluate the need, this is a new change, you do not have to just take their word for it or some quack on line guy in Kalifornia. 

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

In addition, I am taking an investing class of how to properly analyze a real estate investment.

My guess is the work needed to get it up and running properly, will be significantly more than the purchase price.

@Jerry E herron iii Welcome to BP! 

But while having grown up in similar areas,.I did not have the proper knowledge or protocols to deal with the tenant base...and so I lost money on a number of those investments.