Careful review of the leases and who is backing them is key along with what vintage they are.Difference between NN and NNN etc.

So while you may find some gems, most need significant work.

It's not totally stripped, but not a gem either.Am I estimating too much for cap ex and maintenance reserves?

I am buying MF in Houston and and always looking to meet up with local investor, especially those that may discover the unlisted gem and need some help to pull it off.

As you said, the gems would have to be very attractive though.

Then closing rare gems in this hot market...

Hi Michelle,A 65 year old building places it at 1949 vintage.

Tacoma seems to be a gem, close enough to Seattle but still good numbers for multi-family.

I think Wilkes Barre is that hidden gem, lagging behind but going to pop up one of these years.

Most DG's are flat until the option periods it depends on what vintage the leases were done in for years or decades ago and how sophisticated the developer was when they built the property.