Quote from @Victor Yang: Hello all,I am looking to buy an apartment building.

For example, State Farm typically requires the latest inspection report for underwriting on multi-family properties that are over 30 years old.

Just make sure to fully understand the loan terms, especially the interest rate and repayment schedule, so there are no surprises.2.Condition of the Property: If the property isn’t in really rough shape and you were able to get insurance on it using a 4-point inspection and wind mitigation, you might even qualify for traditional funding options like FHA, Conventinal, VA, a cash-out refinance or a home equity line of credit (HELOC).

It will be a run down apartment building before long.

Looking forward to connecting and being a part of the BP community!

The inspection and approval process of s8 basically causes s8 applications to be lowest priority processing.  

If Apartment A is a 2-bed/1-bath with a washer/dryer and Apartment B is a 1-bed/1-bath with no washer/dryer, Apartment A should pay a higher rate.

Despite the guru fed “misinformation” about all these under market price deals, they are actually very rare and require (1) the investor recognizing value that the seller and the rest of the market misses or (2) a seller with a need for an immediate sale and a buyer with the CASH immediately available to conclude a very quick closing usually forgoing inspections, financing, and other contingencies. 

I'm finishing renovations on a studio apartment (under another unit in a multi-family) in the next few days and am trying to decide on what strategy to use to rent it.

DM me your email and I can connect you with the organizer.The group discusses buy & hold real estate, both single family and apartments.