A successful venture involved flipping a 30-unit apartment complex; acquired for $450k, we revitalized it with a $150k construction overhaul, achieved full occupancy, added a laundromat, and subsequently sold it for $950k after two years.

@Connor McGinnis, the strategy is really contingent on the specific market and moreover the tenant base in place.You are looking to achieve 33% rent increase.  

For me I look at us as a Ritz Carlton style brand so we are going to be implementing this to drive up ANR and occupancy and become #1 in our markets.  

This is just my opinion; I am biased, as I stated before.The Cleveland area can achieve any real estate strategy you are looking for.

Once they make this transition, the appreciation is where the big returns are achieved.  

.), pertains to a mortgage-style process and necessitates the initiation of a standard civil action within the state court.

Being a KC guy I help a lot of Californai people invest here in multifamily and they come here for cash flow, landlord friendly laws, tenant laws, no rent control, lower property taxes, protection from style of governing.Hope that helps! 

I actually need this type of lockbox too, but I'm not drawn to the style of the IglooHome lockbox.

These questions are more for the “Conventional” Style loan.

I don't think cap rate for residential RE is necessarily the best metric, but I try and achieve a 10% minimum gross rent to purchase price figure, so a $300K property I am hoping to achieve a $30K/month gross income goal.