3 multi family property deal
I'm a first time RE investor, looking for my first deal. While looking into one multi family property, the seller said all three of his properties were for sale for $225,000 (17 units). These properties are on the cusp of a sketchy neighborhood and fast moving development which could drive rent/property values up. From doing calculations, these properties cash flow about $2300 a month with room for quite a bump up in rents and I believe I can lower the expenses substantially as well. I'm going to walk through all three properties tomorrow, are there anything I should consider in the larger scheme of this deal or anything I should keep an eye out while doing the walk through or questions I should ask?