@Brad Gibson use the rental calculator on BP and use 10 % for vacancy and 5% each for capex and repairs, 8 % for property management, actual taxes, and get a quote from an insurer to gauge policy cost.Get actuals for garbage, water, electric etc from sellers.Check the assessor website for assessed value and treasurer website to make sure real estate taxes are accurate.Plug in 25% down payment at 5.25% on either a 20 or 25 year am which most likely will balloon in 5 or 7 years...if you want a more specific rate contact a few portfolio lenders like small banks or credit unions near the apartment and give them your scenario to find most accurate/favorable rates to input into BP calculator.Check trulia or www.spotcrime.com to gauge criminal element.Finally check with commercial real estate agents and inquire about cap rates for similar properties in the area and see how that compares with the cap rate on BP calculator.That should give you the basics to help you evaluate deal.PS-Read "Multi Family Millions" by Dave Lindahl.Good luck!

One mans trash is another mans treasure so I'm just asking about the statement where you said "to the untrained eye they may look trashy or bad".

We are also full time RE Agents who specialize in helping investors maximize profit from the sale, purchase, or 1031exchange of properties along the treasure coast.

Hoarders treasure every single thing that they hoard. 

It is just a treasure trove of features to assist you. 

Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

Please reach out for assistance on the ground each day here, There is hidden treasure all over KC. 

You should speak with someone at the treasurer's or county assessors office for more information on how your states' tax lien sale goes.

Two main myths are risk denial and easy wealth, like the key to a treasure chest.Use the example of someone who stays at a company they hay for 14 years but stay there for false security until they get laid off and they find they’re screwed.

One person's trash is another person's treasure.