It’s inspiring that you’re both already running your own businesses—it sounds like you have a great foundation to build on!

And, know this:  The #1 reason that Landlords fail is their failure to manage to the lease (source: American Apartment Owner's Assn).  

The buildings were still usable.  

Let me know if you’d like to chat and start building connections before you’re ready to buy!

Seeing as you mentioned you have very little liquidity in after-tax and savings accounts, I'd likely recommend focusing on building up a buffer of accessible and liquid dollars in an after-tax brokerage account prior to maxing out a Mega Backdoor Roth.

Apartments are oversupplied and those numbers will likely be competitive.

Are you saying that because of this unit, the building might not be able to be refinanced?

They do everything from apartments to mixed-use to self-storage.

The only way to know if your idea is worth doing from a wealth building standpoint is to do the math:  What is the cost to acquire?

It isn't like this a condominium where assessments are paying for common parts of the building like the roof, etc.Prior to this, I didn't have much experience serving on an HOA board and have therefore relied on the management company for their opinion on certain decisions.