Help with analysis

[Michael Kresloff]

Please help me figure out if this  is a deal worth checking out

We have no experience but "u have to start somewhere"

8 unit apt bldg 2br 1 bath, four buildings- 1248 sq feet per bldg  on 48,000 sq ft lot

5-10 min drive to downtown area 

13% cap

310k

Built 1960

100% occupied, "1 wk of vacancy in 2014"

Scheduled gross income 57k. (712/unit)  

Rents in area seem to support 650/month 

We have cash and good credit but high d2i so may need investor partner

Thank you