Hey guys and gals, this is a example of a deal near me that I would appreciate your opinion on; checking to see if I am on the right track or not-This Garden Style 1980 built apartment complex is 50u, listed @$1595000($31,900/u)Listed NOI 158109Rents not listed{Estimated Cap 10}Listed vacancy: 60% 16u are single, 34 dble bedsPlan20% down ($319000) or 30% ($478000)Raise $500k-600k total to allow add’l costs/repair- plan might be to Reno/update< 20 units, landscaping, paint.For 10% cocr will need to net $32000- 45,000yr, actual 47000-62k per yearWith Market rent @$680 (average)and at 90% vacancy for 50u, roughly max GSI $367000Could Expect 10-19% cocr or >Strategy- Stabilize/Reposition then Cash out refiThanks!

I not only live in midtown (Central Gardens) but invest in midtown.

We were viewing to buy a rural property and one of the tenants saw us drive up, ran back into her suite from gardening, got naked and then answered the door completely naked.

Potential applicants , assuming they are serious, withhold nothing.PS: A potential bad tenant will infill your interview questions with additional useless information to distract you and redirect the interview, they are often sickeningly sweet, offer to do work for free, rave about how great they think the place is, brag about there gardening abilities etc. 

You need 30 good photographs of the house, take them from low so the rooms appear large with bright diffused lighting.Places to list it:apartments.com; zillow; craigs list; facebook marketplaceIn the listing detail the neighborhood school, amenities, if you are paying for gardener etc., at the end you mention you want someone with 3 or 4 times the rent as monthly income, and great credit.

Walter Dam: White Haven Area Restaurants and Bars:Barley Creek Brewing co: Two locations Tap room @Tannersville outlets and main location featuring outside beer garden with pickle ball, fire pits and more!

Always the last Thursday at 6pm, Brew Garden on Bagley.

Informal get hero g at the Brew Garden in Middleburg Hts.

I believe with the current environment people will want more outside space, air and gardens.

Brew Garden Middleburg Heights.