Purchase price: $2,100,000 Cash invested: $1,000,000 Highlights of the deal:$12K per unit under market value, or $528k below market price$92,640 annualized opportunity to increase top line revenue, at a 40% expense ratio, that would add 56k of NOI, or $855k of value to be realized35-45% Of the units have not been renovated, leaving us ample opportunity to add valueGarden style, has great parking, and a poolOne of the units can be converted from a leasing office into a unit!

I am going to give the details of the purchase just to highlight where I am starting so you can help be figure out where I need to be. 

Highlight your awesome character traits, skillsets and maybe that will help you find what you were looking for

Like, seriously, if that alone dosn't highlight the stupidity in it all I don't know what does.

Since then with have spend some more money to fix unknown defects that needed to be fixed and some not needed ones, that were highlighted in the inspection report.

It really highlights the importance of keeping your eyes open and taking action when you do find something.

I just posted a article yesterday on our media highlighting how rents have increased in Bakersfield and we are a pandemic !

At both @Jason Regan and @Randall Alan, you highlight what I think must be the greatest challenge in distance REI, that being the contractor element and, more to the point, delivery and quality control. 

I would highlight your residential investment experience, any relevant career or project management experience, etc.

In an effort to say thank you to the three mentors that helped me get started in investing, this year (2021), I have been producing two video series; One contains content on how to invest in multifamily properties and the second series highlights the crazy things I have seen, heard and experienced during my sales/investment career.