I think of it like  trading paper stocks game. 

The offer sounds tempting since  the group has to finance about 3M$ (the rest comes from a bank with a low interest) and the building is bought about 1.5M below value, so when we sell we should expect a 50% return when selling which should be 3 years from now.The thing that bugs me is the way the building value was evaluated, i am copying a section from the presentation:"Market activity has shown similar properties consistently trading in the 4.75-5.25% cap range (refer to “Comparables” slide for specifics).

Trading of a 5% for a 10% return has to be balanced against the hard and soft costs of travel to visit the property, no sweat equity, the use of a property manager, etc.

An agent friend of mine (I am a mortgage banker by normal trade) has an asst which is not tasked with very much, and therefore the agent is having a hard time paying her.

I am in the trades so my eyes tend to go right to certain things.

It also gave me huge appreciation for the skilled trades we hire now and for the rolls that go into this business. 

I recently found a deal in the midwest (area where C class apartments trade between 7.5% and 11% cap rate).16 units doing about 28k in NOI.

She has no problem with me trading stocks but thinks buying and renting out properties is dangerous.

I have 4 single family houses I want to sell to trade up to a multifamily.

You want to either pay your cars off or trade them in and downsize to a car you can own outright.