Portfolio in Central GA

[Lance Turner]

I have an opportunity to purchase a portfolio of 28 homes in central Georgia.  There are several that I would divest from the start so my total portfolio would be around 22 fairly well maintained homes with maintenance records on the big systems.  It's generally a portfolio of "base hits" (rent is 1.3% of a $2M purchase price across the portfolio).  Assuming you have the ability to operate the portfolio, would you pursue this deal?  What concerns would you have?  

Note: Cash flow after 10% maintenance withold, 10% vacancy withold, mortgage (PITI), and 4% for a VA and electonic property management systems would be about $2000 /month for my business partner and me to reinvest or pay ourselves.