lat=43.1688001618486&lon=-77.6159378282709 I’d also suggest considering whether you live or work nearby, so you can stay informed about any developments. 

A contract developed 10 years ago might be outdated in ways that will cause you an issue.

Newer appliances, free nice laundry, 2nd floor, yard space, storage, clean bathroom, included heat, installed window A/C.Appraisal suggested the unit was worth 2,300 a month, which I felt was a bit high, so I listed it for $2,150 with no move in fee and a 2k deposit.

I've developed, use with all my coliving properties, and teach HPM (household-led property management). 

First off- $4.5M for 48 units and 50% are vacant is not a steal, unless this property is located in a downtown area and you have a contact with a developer who will pay 2X to build a high rise. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

You can get a shorter, simpler one drawn up by an attorney, I know some guys use a nice clean 1 page doc, but if you're going to be doing a lot of business in Texas it's good to get familiar with the TREC forms.

Nice to see so many in this area.

Part of the funds we are taking from a “C” market and will invest in an “A” market thus increasing both our development and monthly cashflow returns.4.  

Best first property to buy IMO is a househackIf you have 150k in my market you have lots of room to buy a very nice duplex that is comfortable to live in a really separates you from the other unit

I think the estimates are crazy low.A $3200 rental is going to be a nice place, not something with garbage paint on the walls.