What all is included in those expenses? With the numbers you posted, you will just be breaking even every month. Any unexpected costs outside of your projects will cost you money. Also, how much money will you be putting into this deal? With these numbers, it doesn't look like you would get any return on your initial cash investment. Perhaps you could negotiate a better deal to make the numbers look more appealing? Or are rents below market value and could those be increased?
What all is included in those expenses? With the numbers you posted, you will just be breaking even every month. Any unexpected costs outside of your projects will cost you money. Also, how much money will you be putting into this deal? With these numbers, it doesn't look like you would get any return on your initial cash investment. Perhaps you could negotiate a better deal to make the numbers look more appealing? Or are rents below market value and could those be increased?