@William Thresh I can take the cash and use it to expand the land surrounding one of my apartment complexes. adding 80 units.

My dad told me I would lose my shorts buying an apartment complex.

Names this Act the "Housing Stability and Tenant Protection Actof 2019; Would make permanent the system of rent regulation in New YorkState and building conversions to cooperative or condominium ownershipin the City of New York.Part B: Repeals Vacancy Bonus Increases, which allows automatic rentincreases of up to 20% upon vacancy; Repeals Longevity Increases, whichallows automatic rent increases based on the length of time since thelast vacancy.Part C: Prohibits a Rent Guidelines Board (RGB) from setting vacancybonus rent increases.

If you do not have the capital to do big apartment complexes but you still want to try your hand at real estate, you need to start somewhere which may be SFH or small apartments.

Hey guys I'm new to all of this, so bare with me.My family partnership (of which I am a 25% owner) owns a 7-unit apartment complex in Southern California free and clear.

My expense might be a little low, considering the condition and the complex is like 50 years old.

. :)For a start, there this is an old or perhaps a historic complex in Dammam, Saudi Arabia (Built as a shelter for Kuwaitis during Gulf war, so it is almost +20 years old) which now totally owned by individuals, yet remains partially managed by the government.For many reasons, I find it a fantastic place to start with (among others) my investing journey where I need to learn about rehabilitation in particular, however, whenever I get to inspect an apartment there, I am always faced with one resisting issue, bathroom ceiling.

Particularly if they're side-by-side, look the same, look to have been constructed at the same time by the same company, share amenities and parking lot and gas meter, and maybe if the seller has put contingencies in place stating they must all sell together.It is not uncommon for an "apartment complex" to be a series of buildings, sharing a parking lot, amenities, etc., even the electric bill sometimes, and nobody would ever dream of parceling it out and selling one building at a time to different buyers.

For an older condo resort complex, unit slept 6, gross STR income was increased after renovations to between 30-35K per year.

One part is rent control and for now that only applies to apartment complexes with more than six units.