Looking at a multi family for the first time

[Carl C.]

Came across a potential deal today that I'll be looking at this weekend. It's a property with two houses on it. Listing agent says one house is a three family, fully rented at 3650 per month. Second house supposedly needs a lot of rehab. Currently empty. I think it could rent around 1500 after rehab based on comps. She is sending rent roll and expenses tonight for me to review. Any recommendations about things to look for? I've read quite a bit about multi family evaluating and I think I'm prepared but this is a first for me. Agent says financing will be tough because the second house needs so much work. I'm not worried about rehab work but would financing really be that tough? If her rents are correct my rough estimate says the property should cash flow over $1000 per month with a purchase price around 350k and 20 percent down and current rents. What is a bank going to be most concerned about? Sorry for few details but typing this on the app is tough. I'll post more after I look at the expenses and the property this weekend. I'll have to get creative if this one looks good. We still don't have any cash after our last purchase. Hoping for something good here!