Picture below.My big plan is, make driving range, build some retail stores , bar & grill inside, generate more revenue.Build a big golf complex so it can build foot traffics. 

Sweet deal right?

Obviously, I have no intention to start investing in large apartment complexes (Anything larger than 50 units) or incorporate LPs, but curious to hear everyone's opinion on sensitivity tables along with using equity multiple figures.

longboat key limits most rentals on the island to 30 day minimum (that does not mean you can't rent it to them for the whole month but they only stay one week) our complex also limits how many times a year you can rent it out. 

They are so sweet, I've made a few offers recently, trying to get back into buying more!

I will eventually buy in the Columbus market but for now, I found a sweet spot. 

Also might be worth mentioning, my wife and I will be inheriting a couple apartment complexes in both Japan and the US.

Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

Where I am you would have a sweet deal if you got a cap rate of 7%, $94k per door is a sweet deal. 

I’d look into the condo docs once you get them but the age & size of this condo complex make me think those issues are unlikely in this case.