Looking at this deal - Thoughts?

[John L.]

There is a group of townhomes near me.  Well, "near" = the galeria (I'm downtown) are of Houston .  There are 10 of them for sale in a bundle.  My bank will finance.  They're about $240k each and currently leasing for about 2,100/each.   That's not the "1% rule" I see on here but they're pretty new and it seems the more expensive the unit the more you can go off from that rule. 

I currently only have 2 townhomes but am looking to expand.  Anyone want to talk me out of this or should I do it?  I could wholesale as I bet others might like it but I want this myself. 

[Cody L.]

Originally posted by @John L.:

Just put these under contract (for anyone following the thread) and should be closing next week.  Super excited to join the ranks of multifamily investors.  HUGE thanks to @Cody L. for his help!!!

 You the man.  Glad I could help.  Just left a comment in your other post.  Well done