Any experience in buying pre-stabilied Multifamily properties?

[Gova Reddy]

Hi,

We have invested so far in Class C, value add type properties and we received an offer to buy a brand new pre-stabilized property where occupancy is just reaching about 85%.

I understand that buying a brand new property is a completely different ball game from buying and evaluating an older Class B/C product. 

Can anyone here provide insight as to what to look for when buying a pre-stabilized property. what are the general rules of thumb to follow and pitfalls to avoid. 

Appreciate your help in advance.