If they do, they need to leave as its only the tip of the ice burg.In Colorado a lease goes month to month when it expires and either tenant or manager can give 30 days written notice to leave.

Very end of hall away from elevator ice machine etc..

I noticed inside my windows that there's a pretty significant amount of ice (see pic below). 

Appreciation is icing on the cake - if it happens. 

While he and I loaded the bucket shoulder to shoulder when it got down to huge ice chunks, gratis.Passion for the transaction and the people are a must!

If this is  50% vacant then it is not considered stabilized and likely need some kind of bridge debt or interest only unless you are paying all cash.When I look at deals I want the going in cap rate  to already be good on existing income and extra lease up is icing on the cake.Example if market stabilized is 7 cap I do not want to buy a 4 with the anticipation it will be 8 when stabilized.

I just moved to OKC to invest for that reason.could get better appreciation elsewhere but if appreciation is just icing on the cake, it sure makes for a low risk investment

For the open houses did you have a “go to” line that you used with people to break the ice and find out if they had an agent?

@Quentin MitchellQuentin,I'm a Brooklyn, NYC Investor that has been buying holding properties here for over 2 Decades.You may be looking at Appreciation as the "Gravy" or "Icing" on the cake.....

We all become the Snowflake Investor, but we need someone in our investor circle to knock the ice off of us and wake us up.