Same with retail centers I generally like 2 million and above and preferably 3 million price point starting.There is a difference between a retail center with 3 tenants newly built 1.5 million all NNN plus cam from an older 15 year old building with 10 mom and pop tenants with all different leases and types gross, NN,NNN,etc. and the buyer is looking for help every step of the way.

Understand all of the profit centers for PM's like leasing fees for example, that would be paid on top of the management fee.Most importantly, check local laws, some areas require real estate license, minimum years of experience and property management licensing.  

I would also add 19106 (Olde City), 19107 (NW center city), 19104 (West Philly, U of Penn and Drexel campus), 19122 and 19122 (Temple U campus), 19130 (Fairmont n Spring Garden).

There are things that are included in your HOA, like water, sewer, trash, and amenities like pools and fitness centers, and even security.

We wanted to buy before it got too crazy.Also, I read something that Buckeye will be the next biggest growing city in Arizona due to a ton of businesses buying land and building distribution or manufacturing centers... and people always hate on the west valley!

Join us September 24 at MiMi's cafe at the St.Johns Town Center to connect with like-minded people in the multifamily space.We are grateful to have Gino Barbaro, of Jake and Gino, to be our speaker at our meetup on September 24. 

I have a desire to put a retreat/conference center on the property.

Have you checked out White Center, South Point, Burien areas?

The amount of Health professionals that live and work near the "Medical Mile", number of colleges with hungry student renters, and Amazon just greenlighted their distribution center here a few months ago. 

The outlier neighborhoods ~1-1.5 hours from tech centers are doing better.