Hello,What are some of the best ways to get deals on 150+ Unit Garden Style Apartments in the Southeast or Texas, Class A or B+?

Thanks and I revised my post to say...What do 150+ unit motivated multifamily sellers of garden-style and mid-rise apartments in the Southeast & Texas do?

How did you solved it while maintaing and indoor temperature of 73 degrees in the hot weather?

Per the broker, plumbing electric, furnace, and hot water heater have all been updated.The parking lot, grounds and exterior appear to be in really good shape.I have not seen the interior of the building, however if it is anything close to the outside I’m sure it’ll be fine.CompsAcross the street, a recently sold garden style property is listing their rentals at $725, it’s been completely rehabbed.This building is closer to a “walking” downtown with bars and restaurants.There are also several other nice multi-family properties renting between 450 & 900 (for larger new construction buildings).In most of the 4-10 unit buildings, it looks like the owner is paying some if not all utilities.My NumbersOffer $140,000Apply a 11/12th vacancy rateIncrease rents to $600 per unit bring total gross rents to $3,600/Mo $43,200/YrI’m using the brokers utility expenses (for now only)Increasing property taxes to my number $691.67/Mo or about $7100/Yr.Repairs and Maintenance $270/Mo $3,240/Yr.Management Fee $270/Mo. $3,240/Yr.Capex $270/Mo. $3,240/Yr.Other InformationTrash - No dumpster, appears to be city/residential style pickupA/C appears to be the responsibility of tenants.

The 4-car garage ceiling was over 18-foot high so he and his friends can play badminton indoor.  

I want to start out in that area or surround cities like Belleville, Westland, Garden City, etc.Do you manage the complex yourself?

My name is Robert, and I live in the Windermere/Winter Garden area of Florida (just north of Disney World). 

I think what makes these places attractive for investors besides the prices, of course, is that you can get to major tourist attractions like Disney or Bush Gardens in just about the same amount of time. 

(And everything in between; Westland Garden city, Livonia, Canton.)PM me, I would love to talk.

Sant A property on Garden street in Hoboken came on the market yesterday which is a three/four family asking 1.4M and your levered yield would be north of 10% with $250,000 downpayment.