At same time there operations costs are also expanding due to wage inflation naturally fallowing the "everything inflation" so yeah....

Thanks min what market do you operate in?

My only backup plan if I can't get verified funds is to assume the worst and to drop my counter offer even lower than my original due to the risk I would be taking on, and then when I do my in person inspection try and guess what rents are fair market for the empty units, and ask as many tenants as I can what they pay in rents monthly.Seller should give you all of his bank statements for the time he owned it, plus the operating financial documents (including rent rolls)that he received when he bought.Then find an apartment broker in the area and find out about rents in the building and in the immediate area.

I am going to provide coin-operated laundry units in the basement of both properties.

Your personal mission is good, but that's not operational.

Expenses (both transactionally as well as operationally)  disproportionately impact lower priced assets.

Hi All, I am a new member from the Bay area, Ca looking to invest and operate an Short term rental (STR)I am listening to the Avery Carl's audiobook. 

Connect with @Jillyan MacMorris she's an experienced MTR operator in Chicago

And than #2, go get informed on how to correctly operate and manage a portfolio.

To operate in the city of Las Vegas, this requires a business license.