You didn't mention whether you planned on managing the 10 unit property yourself- but if you do that might be a lot to handle starting out.

I know I have a lot to learn but I am hopeful to find and develop some meaningful relationships and partnerships that will benefit all of us in reaching our goals.I currently reside in Port Orchard WA (West of Seattle across the Puget Sound) so I am looking to focus my efforts in the Kitsap County Region.

Property condition has a lot to do with your efforts and skills.

@Pat Gage, @Brandon Hicks, @Joel Owens, @Steven Picker I sincerely appreciate the responses, and you guys have given me a lot to think about.I had a feeling this is not the greatest deal as it stands but at the same point I had to take a stab at making offers and finally taking action and to be honest I am learning a lot from just going after this multi family stuff in the past 2 weeks.The sellers broker is the one who helped come up with the list price and i don't think they took expenses into account when determining the value.with a sales price of 525k if i got my total expenses down to that $31,500 annually including taxes, insurance, payments to the seller would that then be a good deal at the 100k down payment, obviously i will attempt to get that lower.again,thank you so much for your help and insight.Rob Krach

$8500 sounds like a lot to pay for a fridge and a freezer.

I've got a lot to think about.Yes, the property is in the Bay Area...in San Jose Japantown to be exact.

Get you to pay a lot to be part of the club by telling you they are going to bring you deals. 

I am not selling a product or a company, just trying to give back to the BP users who have given a lot to me.  

In the meantime, my girlfriend and I have a lot to think about.

BP has a lot to offer.