@Brandon Turner - You wouldn't know a football from a basketball . . . what are you cheering for?

Plus being on that job for 28 years along with military service, and years of basketball ruined my knees.

Jim Valano was the basketball coach of N.C.

Once the property is stable then push closer to market in the coming years.So base numbers off of lower rents to be conservative and that rehab will take much longer than expected.This building sounds like pre- 74 so lead based paint remediation among many others things.If rents are at 700 market than calculate for instance 600.600 X 50 = 30,000 mo X 12 = 360,000 a year X .50 ( tenants pays utility ) = 180,000 NOI10 cap value 1,800,0009 cap 2,000,0008 cap 2,200,000At 14k rehab X 50 doors = 700,000 Nice meet on the bone there. 40,000 a door is 2,000,000Too much work for the return there at that level.You need to look at any short sales ongoing for apartment buildings there, foreclosures, current occupancy levels in existing buildings versus demand, and new construction permits ongoing for brand new product coming online in the area.The new product might have tennis courts, gym, clubhouse, pool house, electronic gates, playground, basketball courts, laundry in the units, etc.To add all those things and compete drives up overall costs.Contractor demand for the area is key as well. 3 to 5 years ago contractors were very hungry for projects.

The home legend brand sold by home depot has a 50 yr warranty and is 0.89/sqft.

@Michael Glaser If you are in a college town that has football & basketball you can become an Airbnb hotspot.

legend Account ClosedI appreciate your help and direction.have a great day

I'd also say, at least from my perspective, "I'm trying to make it a "win win" for everyone is more urban legend than reality.

Holes in the walls the size of basketballs .

I coach my sons basketball team and the schedule hasn’t been released yet.