It is the unit price the water company charges since it is apartment complex due to 8in water meter they says it is commercial.

One in particular once worked for a small apartment complex as a maintenance man and he used to make apartments rent-ready at tenant turnover. 

-A new 300 unit apartment complex is in the planning stage just to our north east-major development is going on to the south which could potentially cause our neighborhood to get rezoned to a less desirable elementary schoolDilemma:We bought for cash flow but have been lucky to have pretty substantial appreciation that we could take advantage of tax free since we've owned it and lived in it for more than 2 years. 

The rate is much higher than market rate since I wasn't able to get Fannie mae warrantable loan since this complex had larger than 50% investor owner ratio. 

I'm fixing to contact the seller of a 14 Unit Complex. 

Of course, if I can eliminate complexity without creating potential problems, that is appealing too.I've pieced a some additional input that I have received today and thought about:1.)

Another added layer of complexity from an underwriting and marketing standpoint, but you fall into a grey area of regulation at the city level (some hotel regulation, some residential). 

@Bruce Lee thank you and PM'd@Ali Boone looking for triplex or fourplex to kick things off but would be open to larger apartment complexes.

I'm looking at lower income multi-family complexes in Birmingham.

The situation is more complex and nuanced and I only shared some details.I think I'll hang on to it for now, with the goal of selling and trading into something bigger or better where I feel like I can have stronger options in terms of management.Thanks for the advice.