(Our lot is unusually large, 9800 sqft, and when you combine both, you have over 1/3 acre.

In this day of inconsistent and over cautious appraisers, that's unusual.

In regards to 8% being high for commercial, I agree that is the case if you are in a major metropolitan area, however if you are in the smaller towns and city I would say its not unusual.

When title cos. are uncertain about a potential lien on property, they usually just list it as an exception on the title policy so you are back to square one.

Rents that low have problem tenants most of the time. 14 1 bed has lots of turnover.Usually best mix is 75% 2 bed and 25% or so 1 bed unless a college student rental town or other unusual circumstances.NO for me but I don't like smaller properties due to scaling issues and buying yourself a job.

Many of the residence in the area are retired and its not unusual to find long term tenants.

I wish even more that each tenant had their own system, but that seems unusual in this city, most properties I've viewed have one system for all units.  

I am looking for some of the experience apartment investors out there to regale me with some stories about unlikely/unusual/out-of-the-ordinary things that have been discovered in the inspection/due diligence period of buying apartment properties.

I was wondering if it was unusual or even possible to ask for warranty on the building appliances such as the ac units.

If your plan is uncertain, take more time to learn, grow and develop your plan.