If it was built in the 1960s it could potentially have aluminum wiring, which isn't necessarily a deal killer but is far from ideal.I mean no offense by this, but if you're still learning the basics of cap rate you should really get someone experienced with small apartment complexes on your team to come look at the property with you.

The expectation that you would save all that money all that time is probably a bit unrealistic as well in my estimation (no offense intended whatsoever)... just that you will (or should) find a better interim purpose for the money. 

There is nothing offensive in that post. 

Not trying to be offensive, but it sounds like you're trying to build an NFL franchise but you aren't quite sure how flag football works yet.My suggestion is do the first deal yourself using an experienced agent. 

I plan on becoming a police officer when I graduate from Ferris State in May of 2021 with a BA in Criminal Justice.

Probably also criminal charges could come if that happens. 

We only show the unit to applicants that meet our income requirements and do not have disqualifying items such as inadequate job history, multiple evictions, unacceptable social media, unacceptable criminal history, etc.

Now if it turns out they accepted a credit card that doesn't belong to the tenant they need to file a criminal complaint against the tenant.   

I received my Bachelor of Criminal Justice from University of Cinncanti in 2016.

I hope no one takes this offensively as I mean no offense.