Nicholas L is correct this deal does not have enough meat on the bone.

Unless it has "excellent bones," it might be worth effectively reno'ing everything.  

So I started "questioning" them on their education and a comprehensive understanding of things such as certain aspects of renovating a property, or keeping track of expenses to come up with how to calculate reserves, what to do with problem tenants.My thesis is correct, all of these guru trainings are like an introductory course you could take at a college and they have ZERO meat to the bone.

I would say there isn’t enough meat on the bone even with 1,000 units.  

They do everything bare bones, buy cheapest supplies, and cut corners. but hey, it works for them.

There may not be enough "meat on the bone" in reference to enough equity.

But if you're willing to do a partial cash out, may 60%, and keep your mortgage lower and cashflow higher, then you have a cash flowing asset with equity left on the bone for a down the line refi plus you are liquid again.

What I like about this deal is, the major cap ex's have been handled, and there is still meat on the bone to increase the cash flow by filling the vacancies.

Carli my name is joez 😊 .I have been and investor many years .First a few tips read rich dad poor dad Robert KEOSKI to simplify investing .Second to me it's all about the numbers .If you have NEGITIVE cash flow and there is no room for growth you are not in the right place .Finally keep all your investments within 20/25 minutes of your home you will be taking many trips in the beginning to open doors or turn on switches lol .Look in a good deal there is meat on the bone say and older person neglects in a good area potential clean up and flip so on .Final piece kiss keep it simple spiggette it's in all investing books hey good luck any questions I am Always looking to learn and do better 

Looks like damage is mostly cosmetic, house probably has good bones but won't know for sure until after inspection.