Albeit, HUDs appraised values are usually below market value and disregarded most of the time.

If the property is local and I misread then disregard my advice and proceed cautiously.

Basically it appears they completely disregarded the entity.

This is how they were able to achieve really good cash flow by neglecting items of regular care to a particular standard.So you can either price in 50% from the get go or disregard that and when you sell have a buyer pay much lower because they will be incurring the costs you have put off.I see this everyday where a seller owned for awhile and prices under market a few thousand and hopes they find a buyer that doesn't see all the deferred capex and maintenance hitting them right away in the first few years.I don't care what the seller achieved in cash flow or what they are trying to push.

I posted this to the wrong place.. please disregard

That 6th sense you spoke of, I understand that.So, if I ticked off an gurus or any wannabe gurus, sorry but, disregard my opinion or if any are really concerned, bone up and get the stuff together.

The search function is a HUGE help.To explain an LLC is called a disregarded entity.

Oh, and as far as credit to debt, I have student loans out, which skews that a bit, but I'm sitting about 50/50 debt to credit currently disregarding that

Totally disregard any numbers/estimates provided by the seller.

Do you disregard vacancies for your $100/unit requirement?