You may find in this environment you will be asked for 30%, 20 year, higher rate, which makes this deal look worse.If you pay cash....quick napkin math assuming 50% of NOI for expenses that leaves you with ~$70k which is a 3% return. 

On low value D to c- I think to be successful you want zero debt pay cash for them and stack them up.. those I know successful in that arena have 0 debt.. again depends on the property but 50% of rent up to about 1k per month is a good napkin math for all in running costs then deduct mortgage if any.  

That's what members are doing above, with back of the napkin information. 

Couple thoughts from one newb to another...1) Even if you're not ready to buy, keep crunching numbers and running deals in your head, on cocktail napkins, in spreadsheets & wherever else you can.

I spent the last month doing renovations and I got my unit looking GREAT (at least what I thought)...City inspector comes in to check if everything conforms to "The Sanitary Code, Article II, Minimum Standard of Fitness for Health under Human Habitation," adopted by the Massachusetts Department of Public Health".There are such small things like:- Piece of tile in front of tub is slightly loose- Furnace has rust- Base of tub needs new caulk- Window screen has a slight tear in it- etc. etc. etc.Can they really force me to fix every single little thing?

If the plumber can testify the blockage was from feminine napkins your tenant should pay his costs. 

Keep the place clean and sanitary.3.)