@Martin Manning To add onto what others have shared, in the most simplistic terms, apartment complex values are based on Net Operating Income, or NOI, and the cap rate.Price = NOI / Cap RateSo, if an apartment complex has an NOI of $100,000 and a market cap rate of 10%, the value is $1,000,000.Listing agents for complexes love to price based on a pro-forma, which is utter nonsense (unless you're in Austin, in which case apartment complexes apparently have floors made of gold).

If you are in a remote area or underserved market it could be higher.

We also have a huge LTR market. 

I do engagement marketing in a trades focused field lending me to having very good relationships with tradespeople whom I consider friends- and I trust thoroughly.

Investing out of state in the KCMO area sounds like a smart move; it’s such an interesting market with plenty of potential.

Our portfolio currently cash flows, but cash flow isn’t our top priority right now since we plan to use this portfolio to supplement our retirement in 12 years when I leave the Army.My biggest challenge is committing to an out-of-state market.

I know a young lady that just did that in my market, so she was licensed just days after her birthday.What are you planning to do with the license?

Another concern is after the two years, I still wouldn’t be lendable for most properties in my markets due to that lack of income. 

Are you marketing something?.. 

Just closed one in my IRA to kickoff 2025 and looking to expand that market.