The properties I am looking at have deferred maintenance but can be worth it if one if comfortable with competing a rehab to make the units as profitable as possible.

I look forward to learning more about real estate and possibly helping others with achieve their real estate goals!

I have a few possible leads but it's kinda scary to jump in when you don't know your numbers and the market to well.

I am trying to learn as much as possible before I get out of college so all information is greatly appreciated.

Here are the numbers: sixplex in hickory NC Price: $160,000Gross monthly Rents: $3,050 (definite possibility to raise rents by about $25-50 each) Expenses: (50% rule for now): 1,525 NOI: 1,525Cap: 9.5%Debt service: 25% down, financing 120k @ 6% amortized over 20 years, with a 10 year balloon. $860/month Net monthly profit: $665Cash on Cash: 19.95%Any thoughts on this deal?

Every property is different, and its always better to have actual records, but not always possible.  

But they can give you an idea of what is possible. 

A preliminary Team includes Attornies, real estate Agents, CPA's (or accountants), Inspectors, General Contractors, and Handymen.Always remember to do a math analysis and try to look at prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you very much.  

I live in Santa Barbara and I'm looking for multi family deals or possibly a single family rehab project.

That's a possibility.