It is like using self defense as an excuse for murder.

But the high StDev relative the average is what murders this as a trading strategy over the long run.  

Once you read The Book on Estimating Rehab Costs you'll have a better idea of what needs to be done, but the costs will still be a mystery until you start getting bids.

It's a good thing the tenants didn't murder someone otherwise he'd be facing a life in prison.

We've also thought about selling and buying a 4-plex or similar....This property is a mystery.

It seems to be somewhat of a mystery from what I can tell.

For people who don't have money, getting it and keeping it can be misunderstood and mysterious - sometimes despite working their hardest (i.e. working smarter, not harder).

I find often buyers oversell themselves and have very little money to their name or they have a mystery partner...lolAs a broker I want them to SHOW ME THE MONEY and that they own it and control it.

Schools aren't as important, since these aren't usually catering to families with school age children, but gangs, drugs, murders, assaults, break-ins, etc. will ensure that you get amazing less than stellar tenants and all the complications that come along with that.Best areas to consider in my opinion for multi's would be near Broad Ripple off of College Ave, but don't expect to find a deal.

How about the building with amenities that tenants pay for..The lower income tenants in a class A building scream murder because they cant afford the pool and gym fees cost and feel entitled to use the facilities for free..Then, when the building says "Okay, you pay $500/month and use the facilities for free we want you to enter from the door on the side of the building...you could imagine what they once again scream and retain the best attorney."