@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).

How long did you hold this property for?  

It seemed like a long-term play with less price or industry volatility.

Dear All , I am located in Atlanta, GA .  

Focus on long-term guests, like corporate clients staying 30+ days, because it’s easier and brings steady income.

It has taken me time and I am ok with building long term wealth vs spendable dollars today.

One long-shot option is to offer a lease at something like $1,300. 

Might be a diamond on the rough if you can fix it up and then long-term rent.

Once, somebody older from our family mentioned that the sofa bed wasn't that comfortable if you sit for a long period of time in it.

Your notes of 3:30-7:00 and 7:00-10:00 seem like reference to how long you have to speak on the topic, and while its great for production purposes, it really isnt necessary to include in a post on a message board.