Property Overview- 105-unit apartment complex built in 1977- Mix of 1-bed/1-bath and 2-bed/2-bath units- Location?

I am located in Australia

However, the success of your project will depend on factors like location, renovation costs, and market timing.Many investors have found great success by focusing on high-demand neighborhoods with strong buyer interest.

There are people located all over who could help you locally. 

If you look in another location I would stick to the 2 you are already investing in and expand your footprint.

Location How did you find this deal and how did you negotiate it?

Bloomington is a city located in south-central Indiana, approximately 52 miles southwest of Indianapolis. en.wikipedia.orgRecently, the city has been exploring co-living arrangements as a strategy to enhance affordable housing options.

I'm located in Lewes, DE but the joys of the commercial world I can help make deals happen all over!

Quote from @Marcos De la Cruz: Quote from @Drago Stanimirovic: For a single-family rental (SFR) that's free and clear, meaning no mortgage, the acceptable minimum annual cash flow depends on your investment goals, location, and risk tolerance.

In fact, these properties might be located anywhere-perhaps even in neighborhoods slated for look growth.