In some states, like NC, there were too many abuses going on so the state now regulates Purchase Contracts Executed With Lease Agreements.

Instead you would want to build the units for toughness and abuse by the lower income tenants.So if you factored a purchase of 4k a door for 24,000 and then each unit needed 13k a door you would be 102,000 all in stabilized.

Those do not stand up to abuse much at all.

Some tenants could abuse the system and overuse utilities, but at least you're not paying the bill.... all the tenants are.

@Darryl Smith They have a bus tour this Saturday.

Determine your criteria and stick to it...c or b apartments with pitched roofs, brick construction, on a main road with good marketing opportunities, close to relatively good schools for the market, on a bus route, with a mix of studio 1 and 2 bedroom apartments might be a start for example....You need an accurate picture of where the property is at now.

In doing my homework, I found that two of the tenants are on the sexual offender list (they have lived in the complex for 9/10 years).

For the TAW I plan on giving 30 days notice before making them responsible for their heat, but for the tenants on lease I can't make any changes until the lease is up.I am thinking about getting a thermostat that won't go over 68 degrees so the tenants don't abuse the free heat during the winter.

I will not purchase a property, when I have to pay for the heat and or utilities.The tenants can and will abuse you.Ray in Ct.

Don’t use and abuse me as a real estate “agent†but look to me as a real estate “consultantâ€.