Offer on a 4-plex

[Denny Le]

Hi BP!

I just recently sent in an offer for a 4-plex.  Here's the numbers and situation:

Purchase Price: $283,000.00

Down Payment: 3.5%, so FHA loan

Cash Flow will not be at a positive since I am paying such a low down payment, it will be around -$500.00 to -$700.00.  This number includes all operating expenses, vacancy and I will be living in one of the units, so that's why it's low.

Any advice on whether I should purchase this property or not?

Thanks for any help and responses!

Denny