@Ben LeybovichI dug a little deeper on this property just for fun and found that the annual gross for the building for at least one year is 57,815.00 making it rent for approximately $400/unit (a bit higher since that probably includes some vacancies). 

Never compromise your standards, though ... no deal is better than a bad one.Finally, for a newbie, I think a down market (think 2009-2012) is the easiest (but scariest) time to start and it may be useful to be self aware that your emotions may lead you astray ... as Buffet recommends, be greedy when others are fearful and fearful when others are greedy ... easier said than done, but good advice none the less.

I focus a little deeper into the rental criteria. 

There are several other factors that you must consider to be able to analyze this deal:-What is the repair estimate -What is the after repair value of the house-What are your assumptions: maintenance, vacancies, property management, capex, insurance Once you have answers to all of these factors you can look at a deal and have a deeper understanding of the deal. 

I would advise making sure you due your homework and no rush into a project, don't let the  excitement and emotions rule your decision. 

Make VERY sure that you don't let emotion get in the way of business!

You would be surprised how many unqualified Buyers call to make verbal offers, and I am not involving my Seller in that emotional roller coaster.         

@Shanequa J. thats crazy but most get emotional about they properties.

With that said BP is great support place and system so keep posting and connecting with other users it's going to help you a lot when you have deeper questions that you can ask a more in depth question when you're building a relationship with these experienced members.

The thought process and understanding of the market and trends has to be deeper than most people expect.I'm an investor and realtor, I started out my investing career purchasing duplexes with FHA financing.