Northern Cali - 12 unit for 600k?

[Tou V.]

I'm fairly new to RE investing. Have been looking for MF properties for almost a year now. There just doesn't seem to be any within 200-300 miles which would seem like good investments. I've tried the 50% or 2% rule and there's really nothing around. Here is a scenario, let me know if it makes sense? I'm in Northern California.

Sales price = $600k for 12 units. Would put 30% down.

Monthly total rent = $8160

The seller has low expenses and I've seen the actual number, but doesn't mean future expenses will be the same.

[Account Closed]

The seller's expenses won't be your expenses in the long run, so I recommend throwing them out and coming up with a new set of numbers based upon how you would operate the asset. Maybe you can get them lower, but you may also find that what you're seeing is artificially low for any number of reasons.