The biggest thing that sticks out to me is, if the property is in good enough shape to qualify for a conventional mortgage, there is a larger pool of potential buyer, so there may not need to be enough spread between purchase and ARV.

The entire first floor had been gutted due to water damage, and they were doing everything they could to keep it covered!

Utilities - does it need city sewer and water, or can well and septic suffice?

I know many of the Columbus Cartel kids look up to me as a father figure, so my fatherly advice is to jump in the Classified pool ya'll.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

We learned early on that:-3 of the 6 buildings are in a flood zone-the current owner has a loan, this lender doesn't require flood insurance-1 building took on a little water at one point during the 12 years the seller has owned the complex. 

he has been running the hot water intentionally to run up my water bill so my tenant dont have hot water to shower. my water bill is now $800 a month.

It’s durable, water-resistant, and easy to clean.Countertops: Laminate or quartz countertops can be more cost-effective than granite but still offer a modern look.Paint: Choose neutral colors to appeal to a broader range of tenants.3.

The stove & hot water heater are currently electric. 

The association has an inground pool and a day pier for everyone to use.