What about this deal-- 15 units, $75000 each, $750 rent each

Deal or not?

It is in a remote small town without much growth potential, but the monthly cash flow can be positive.

Mortgage of $75,000, Mortgage payment is around $500 at 7% interest rate, $60 tax, $40 insurance, $50 maintenance. With $750 rent, if rented 100%, you can get $200 cash flow each month.

15 unit can get $3000 per month without out of pocket money. The seller can finance these units.

Am I too simple and naive?

Your opition is urgently needed! Great appreciation!