- Purchased a 1960's vintage building, 18 units, in 2017 for $1.5M- In a major urban city in the northeast- Put $400K down and have paid down $100K in loan (so the balance is $1M)- Purchased it to supplement my 9 - 5 and use it as a resource of income to retire (15 20 years from now)- It's comprised of studios, 1 bedrooms and 2 bedrooms. 

Unit was loaded with designer purses, $1k shoes, jewelry, expensive furnishings, etc. 

A faux wood look with an almost black or dark grey siding would help distract the eye.But, all of this costs money, and typically beyond some cleanup and fresh paint, on a rental is the best bang for your buck.

.: Oh I see @Jay Hinrichs the old stuff seems harder to access not sure sorry not to read your whole question. i have wondered that about the older ones too, they were better more realistic. thanks Jeff  I guess I will wait till monday to ask someone at BP world headquarters there are a couple of vintage ones I would like to check in on..

Hold on, I have 2021/2022 on the phone for you, they're asking if you are interested in a 100 unit 1960's Vintage Multi-Fam property called  "The UnderWater" at a 3.5% Cap rate....Wait, Blackrock just said "Hold my Beer" and offered all cash at a 3Cap, something about subway tile Backsplash should double NOI in 3 months.perhaps modify "It is never a bad time to invest in real estate." to "at a good price". :) jus playin'

But don’t squander a huge portion of it on a depreciating asset (think sports car, jewelry, etc).  

It's a 70s vintage deal, 400+ units, with a lot of nearby competition, so certainly there is some risk elevation from the asset/market, but that's the least of the problem here, in my opinion.If the numbers on CoStar are correct, the property was purchased at the very top of the market for $47M, with a $39.4M bridge loan (that would likely mature this year). 

Congratulations to the new owners on scoring their dream vintage-vibe home!

First floor and the existing bedrooms were just updated with new paint and faux paneling.

@Gilbert Dominguez If one prefaces that the basic 'premise' of certain 'groups' today is indeed: "scam or be scammed..." then the whole "do as thou wilt, is the whole of the law" faux reality paradigm 'system' soon begins, to take shape.