Looking at a similar deal now.

As someone with little capital to invest at this moment, I’m wondering if this is a reasonable (and relatively safe, depending on the deal) option to pursue even if I’m not clearing much in the way of cash flow to start. 

I work with people to sponsor deals with them through syndications (and even JV's at times) and have a Multifamily Accelerator (link above) to teach and work with people on their deals.

Luckily, I am actively researching the ins and outs of REITs and PE real estate deals (both of which I encounter often with work).Main Point: I would like to get into real estate investing, but I don't know if I should utilize my career CRE learning and enter that space first, or start smaller with residential.

What is it that makes them good deals?

My first deal was an out-of-state rental.

@Tim JohnsonThere are essentially two ways (and a few variations) to purchase this deal, depending on how the owners are selling it:As a going concern:  In this instance you are buying the business, so it is the business you evaluate: assets, liabilities, revenues (historical: 3 - 5 years), operating costs (historical: 3-5 years), future financial projections, goodwill, etc.    

While I have sufficient liquid cash on hand, I prefer to maintain liquidity as I'm actively seeking my next deal.

While doing that, continue to look for MHP deals.

Today is inspection day on the deal I’m currently under contract on , it’s a 1984 3500 sq ft 4 plex , 3 tenants in my place and 1 unit vacant .