Ok so hear is the deal. 4 plea for $130,000 Mortgage per month with 15% down = $522 Property taxes monthly = $75 Insurance monthly (estimated) = $200 TOTAL = $797 4 Units currently renting for $350 per month Net operating income = $1400 Account for vacancy, maint and cap ex 1400 x .75 = $1050 MONTHLY INCOME = $253 Now hears the deal. The market rent in this area for these types of apartments SHOULD be $425! So I'm thinking that It is a good buy and that it will cash flow nicely when I up the rents to were they should be. Any advise will be much appreciated. Thanks!