——————I’ve purchased hundreds of multifamily doors and have interviewed dozens of other apartment investors on my podcast and will attempt to share some of what I’ve learned over the past 10 years:1) Loopnet has some great opportunities hidden within that junk. 2) you need to underwrite about a hundred opportunities to find one that truly works anyway so don’t be afraid of Loopnet3) commercial brokers are a great way to start but if you’re new... they are only going to give you garbage... no better than Loopnet 4) is recommend if you went the route of brokers that you’d want to have 3 brokers per sub market and you’d want to contact each of them often.5) nothing is “gigantic out of range” everything is obtainable via strategic partnerships6) quirky is often a good thing.7) simple uniform properties will be the most difficult to find in this current market, you may want to consider the ones that take creativity and time... again this can be more easily done via strategic partnerships8) being too busy isn’t necessarily an issue if you utilize a strategic partnership that can create a win win.Hope this helps?

Really appreciate all the feedback and support, an update on the property, i've gotten current Cap Rate, unit by unit rent breakdown, and even better found out the property is not rent controlled. currently working on formulating the project to present to private investors but i dont have private investors!!!

To date we have done over 20 flips and had probably more than 20 minor and major disasters including floods, over budget projects, being ripped off by contractors, and even getting sued.I have some ideas on how you can strategically get rid of the debt faster and get your credit fixed.

Used strategically; the cost should be too large per month.Best of luck to you!

Willing to work locally or distant if we can figure out a strategic way to communicate.

I understand that ultimately, the responsibility falls with me...but I also wanted to reach out and see if anyone has a perspective or strategic approach to rectifying this manner. 1) Connect pipe (50ft) - not overly concerned with this aspect. 2) Clean up and have restoration company undo the damage - mildly concerned and expect a few thousand dollars fee (who pays?)

Some strategically placed fresh cut flowers inside would be nice. 

Then formulate a plan.

My question was about whether I'm making a mistake investing in a property that doesn't have the best ROI, but will allow me to borrow against it for more strategic investing in the future.

Hello BiggerPockets friends,I guess I need some help in understanding the benefit and strategic advantage of cashing out appreciation on a property and using it to buy another property.If I appraise a property, I am borrowing that against another loan to pay some of the original mortgage and/or buy second property?