Some things to look out for are the fees. environmental fees, excessive weight fees, another trick of the industry is billing cycles. some will bill monthly so you are billed 12 times a year others may bill every 4 weeks so you get billed 13 times a year (52 weeks/4= 13 bill)based on my experience the big guys tend to play ball and kill on volume to shut out little guys. also these little guys rely on the big guys station to dump, so they charge a base fee and mark it up or put add on to make money.

But when I say full gut and rehab I'm talking: taring everything down to the studs, updating plumbing and electrical throughout, probably upgrading the panel, adding duct work for heating and cooling, new mechanicals (boiler, A/C, etc) , hardwood floors, new kitchen, new dry wall and insulation, paint, finish work, etc.

If a tenant is fixing to go out it can be less time as the landlord is already negotiating an LOI and then an executed lease with the tenant.Larger spaces big box can sit for awhile but those are rarely built new today mainly re-purposed.In some cold belt states net migration away produces excess inventory and with no growth then other tenants aren't lined up to take the space.Most of my clients are buying in high growth warm belt states even if they live in cold belt.

Probably puts the portfolio in excess of several million dollars.

I spray the leaves with Round-up on a warm dry day (normally wouldn't use it, but sometimes chemicals are your friend), then plan to go out in a day or two and remove as much as possible.  

It was amazing to look through the abstract and to see how the people who owned it before it went into foreclosure had borrowed in excess of $75,000 on it.  

During my first MF purchase, it was pretty cut and dry on what I could afford because I was only going off of a W2.  

Land lords and investors prepared will take advantage of the excess inventory and price dip to buy.Oil changed the economy forever...Dot com changed the economy forever...The boomer retirement changed the economy forever...The millennials are changing the economy forever...Not so much!

In other areas of the state where we work the foreclosures have almost dried up.No real complaints. 

The amount that was withheld on the sale is excessive.