I tried to learn it but found it too complex.  

Buying a MHP is near the top of our list at the moment, but I would like to get into apartment complexes down the way as well.

I talked to another friend who was in a somewhat similar situation and they got 50% off as well but they were part of a large apartment complex.

Its a 4-unit complex.

(I do this in physics and engineering to gain an understanding of a complex system)If you invest 100k to buy a 100k property, and it goes up 10% in value, you gain 10k in value for a 10% return on investment.If you invest 100k to buy a 100k property, and it goes down 10% in value, you lose 10k in value for a 10% loss.If you invest 10k to buy a 100k property with a 90k loan, and it goes up 10% in value, you gain 10k in value for a 100% return on investment.If you invest 10k to buy a 100k property with a 90k loan, and it goes down 10% in value, you lose 10k in value for a 100% loss.Thus we can see by inspection, debt MAGNIFIES RETURNS.

@Christian Hutchinson The condo is in the whispering winds complex developed in 1988.

Can the units in this complex realistically rent for $800/month/unit?  

I'm meeting with a broker to walk an off-market apartment complex here in Cincinnati. 

I'm interested in a 12 unit complex that generates $93,600 annual gross income; taxes are $15,800.Thanks, Doug

It's an office complex that i'd be entering at a 10-11% CAP with under market rents so cash flow should cover requirements.