@James Walk A massive apartment complex (probably student housing) just went up in Denton on Fort Worth Drive.

Really decent contractors here are massively expensive as there are so few of them. 

The amenities continue to improve and there are still several massive public/private initiatives in the works like the Hostess block and the East-Central plan. 

Well my partner at the time ( who sat on a bank board) said we need to add language in the docs that if they do call the loan and wont roll to the next year we have 36 months to wind down operations before they can do any foreclosure or put us into default.. so in 02 to 04 when i was securing these loans.. the banks were fine adding that language and who would have thunk 08 would be such a massive melt down.. 

At $50,000 of NOI at an 8.5% cap rate, that's a value of around $625,000 less the cap-x, so his price is massively off-base.

Baltimore can be very difficult to people with massive experience who are there on the ground daily. 

I dont mean disrespect but those warehouses don't exactly bring massive gentrification.

Just don't over pay for a property that has an unrealistic ARV with a massive rehab needed.

Sounds like you've got extremely limited knowledge and skills in this business and are already profiting off of a massively profitable business.

Spend time educating yourself then take massive action to get the most resultsGet clarity with your goals and your purpose.