You may want to count more in the expense column when analyzing this deal to account for anything that may be missing.What is the area around this apartment complex like?  

Could be as simple as a roof or complex as the foundation.  

If you are buying a condo to rent out, then check what the other units in the complex are renting for and you would have the rent cover the HOA fees.

@Francisco Trejo I don't think an addition is anywhere near the complexity and cost of a new build.

on top of this the person who eliminated the rodents put mothballs in the attic area which are now out of reach and it's making the smell complex.

He is looking for 5+ multi unit complex or mixed use commercial space.

Unfortunely there is one error that I see, and this will come from personal experience.On your property, for the down payment normally they will not allow you to take out a loan for this, especially for an FHA loan.When you have water in here, is that for just yourself or all the units in the complex?

https://attendee.gotowebinar.com/register/3628393146602784258We are very excited for our newest projects, 2 value add apartment complex in Noth Carolina and Ohio that we have under contract.

I show them I'm willing to put in the work equity and turn the apartment complex around and if I don't hold up my end of the deal they get back the apartment building.

Mike, I own an 8 unit complex that is about 2 hours away from Springfield that I would sell.