I would get more details on the numbers and go through it with an experienced investor. 23% expense ratio is laughable for any apartment building, let alone an old class c product.

That would have been known up front if that was the original loan product being used.  

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer. 

I think its rare you can take a model you're doing in this are or product and just move it somewhere else or on to some other product.To me, If you have a niche that works and you're good at it and the numbers are strong,  I believe you should put everything you have into that business model and grow it and grow it fast while the getting is good. 

But no way is this a thing right now in the vast majority of cases.

I imagine cost of labor might be a little bit cheaper in Idaho compared to Connecticut as we ended up paying 10k for gas furnace and 5k for AC with 10 yr warranty for Lennox product.  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Steady Growth – Home to Ohio State University (the largest college in the U.S.) and major Fortune 500 companies like Cardinal Health, Nationwide Insurance, and L Brands, Columbus attracts a steady influx of students, professionals, and job seekers every year.Strong Rental Market – With a growing population and a high demand for housing, rental properties are in constant demand, making it a prime market for investors.Affordable Prices – Unlike other hot markets, Columbus still offers below-national-average home prices (around $275,000 median), giving investors a chance to buy in before prices climb even higher.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

I wonder why they don't make roofline sprinklers or some other product like that.