If you work and have a W-2 job then extremely hard to meet the REPs requirements...almost impossible.  

Quote from @Carlos Ptriawan:  They believe that they will increase the properties NOI by 45% over 5 yr hold, mostly through rent increases after doing 5K interior upgrades in all 252 units, thus adding 19 million to value of property. how is it possible increasing rent 50% in 5 years period in place where comps and rent is decreasing, this local market is extremely saturated.For me if I have to buy in Austin I would find complex that could give DSCR 1.3 at least with 80% occupancy.if they increase rent 50% then we should do intelligence on their closest neighborhood's rent. 

The statutory burdens on the seller are extreme and can be financially devastating if a mistake is made.

I know this is bogus and I have sufficient documentation to prove so I am not extremely worried about that.

Also if your a private money lender or do DSCR please reach out to me, as I am extremely interested.

And the ability to continue to harvest depreciation over the years with an extremely durable asset is key.Last thing that didn't get mentioned specifically I don't think is the "tide effect" of inflation. 

@Carlos PtriawanIt’s extremely challenging and with any sponsor financials can look good one year (or not so good) and turn right around the following year.

I’ll follow up with the team first thing tomorrow morning.My apologies that the routing number was not set up correctly and that this caused an inconvenience.I was extremely disappointed to find out about the foundation issues with this property.

This part specifically is extremely dependent on the lender you use. 

BiggerPockets has a whole library of books that are extremely helpful.