Folks that have a high level of interest in changing the paint colors and altering this and that are red flags for me!

There could be tremendous opportunity (to increase rents and property value) if you are that one "owner" and you probably could do some major improvements just buying 2, 3, or 4 together, creating a quiet, well kept, good tenant end of the street (paint all yours the same color and build appropriate fencing, etc)...

My first “mastermind” in multifamily was with a group that touted yachts and brightly colored cars.

The smallest decline in sales Days on Market (DOM) for single-family homes grew from 32 to 43 days;Total property sales were down 22.7 percent with 8,223 units sold;Total dollar volume declined 18.4 percent to a little over $3 billion;The single-family average price rose 7.2 percent to $403,712; The single-family median price increased 8.4 percent to $330,500;Single-family home months of inventory registered a 2.8-months supply, up from 1.8 months a year earlier.

If you buy a color that matches the tub surround, it will look less ADA and more decorator.That way when you turn the unit, the next potential renter will see them as a upgrade to a standard bath setup.Good Luck!

I picked up a copy of Sarah Palin's book the other day, but someone had already finished coloring it in, so I didn't bother...

To get an HOA fee like that in my city your condo has to be close to or more than a million or be in a historical area where there is a ton of outside pait details, wooden storms, pools, cedar shake roofing, and 10 paint colors.

Jimmy, can you add some color on a few points regarding due diligence of this opportunity:* Why did the complex fail under prior ownership?

It is expensive but is colored all the way through (keeps its color when chipped or scuffed), is completely water proof and will last for years and years.

On paper the property appeared to be a very profitable endeavor with each 1/1 unit renting for $550.The rose tented shades came off when I went to the property and talked to the tenants who was more than willing to talk (about each other).