I have no experience with apartments except from reading and podcasts (and some units my dad owned when I was a teen - which required a stare down with a tenant in a karate gi).  

Kids are teens now and we are settled to where I want to live the rest of my life. 

There are many products and strategies you can take in Memphis and I will be happy to share with you our program and how we have seen returns int he mid-teens for years now. 

I'm happy to answer questions on how my clients are earning ROI's in the "teens" in an annual basis.

Painting floors was popular in the 19 teens and twenties.  

I see ROI's in the mid-teens every year.

Here's the low down:250 Units, Evansville, IN | Class C+/B- AssetAcquisition and Assumption of Existing Debt (35yr Amort at 2.93%) + Mezzanine Note + Equity of about ~23% Equity Raise: ~3.1 Million (our own cash + limited investors as well).Plan: achieve cash on cash returns in the mid teens (going in 8.55%), IRR of 15%+ and 2.25x over a 7 year hold.

Here's the low down:250 Units, Evansville, IN | Class C+/B- AssetAcquisition and Assumption of Existing Debt (35yr Amort at 2.93%) + Mezzanine Note + Equity of about ~23% Equity Raise: ~3.1 Million (our own cash + limited investors as well).Plan: achieve cash on cash returns in the mid teens (going in 8.55%), IRR of 15%+ and 2.25x over a 7 year hold.

Typically, credit cards have interest rates in the high teens or higher.  

Dear all,I am looking to invest in an apartment complex between 5 units to maybe low teens (13,14) near a college campus under $600k.LoopNet has some inventory, but as mentioned in other forums I would rather get it hot out of oven.