Posted by Nate on January 30, 2001 at 17:08:14:
based on the information you have presented, I would say no, you should not buy them. You are a newbie and have no idea how to manage 128 units of government-assisted rental housing. Furthermore, if there is “very little cash flow” after expenses, you may not have the deal you think you have. You have not posted enough information for me to make a real judgment, but if you want a snap judgment, it’s no.