I was expecting to speak directly with someone who would be knowledgeable.... all I got was a sales person. 

My question: How would you price this home and how much of a hit, if any, would you expect due to location? 

For a building that size I would expect they would have had someone like a John Burns or someone else provide a report to understand the comps and current absorption rates and vacancy rates for this class of building.Now that you have invested, it cannot hurt to go out and view the property but what are you trying to accomplish by visiting ? 

In the beginning you will spend more time learning how it works, but at the end if you are accumulating rentals, I wouldnt expect to spend more than 5 hrs a month.

Using the above post as an example if you do t have Covenants on your checklist you need to add it.

@Srinivas BondadaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

But its very rare to be able to pay retail today and expect it to cash flow positive - even though you're sinking your 20 or 25% down. 

You do not need to reinvent the wheel but you cannot cut any corners and expect a good result.

:)  Did you get into larger multifamiliesI have business partners who are exploring larger deals, so I expect that I will eventually be involved in them.

If we DO find nonrecourse loans, I assume the interest rates are higher (how much higher should we expect)?