Originally posted by @Nicholas L.

See section 453(l)(2) (B) for details.

@Ed L.

@Mark WilliamsThe valuation of commercial asset (which your 24 unit building is) is driven by the NOI of the asset, the building class, the cap rate for that asset class in the area where the building is located and thit is very different from the purchase and sale of residential properties for which the value is determined by the price other people paid for similar properties.it is important to look at the P&L statement for the building you are looking to purchase and verify that it accounts for the expenses and income to work out the true NOI.The NOI divided by the cap rate and divided by the number of units would give you the price you should expect to pay.That price per unit will vary depending on the class of asset it is.Class A commands the highest price per unit and the lowest cap rateClass D commands the lowest price per unit and the highest cap rateNot the precise answer you were expecting but hope it helps.

Originally posted by @Lee L.

Originally posted by @Jason L.

Aloha Nick,ROI can be seen in Hawaii properties, but acquire from a good P/L, not emotion.And getting a license just for MLS seems an expensive way to get data, most brokerages wont allow you to join just to purchase homes for yourself tho. or have restrictions...Choose your Brokerage well, research the "details".

Originally posted by @Erik L.

@Brad L. --- a very creative approach with the key trick :).

If there are no pets allowed l, why do you then charge a monthly fee for unauthorized pets?