Did the property have any major maintenance or upgrades done to be considered a B class apartment building just because it will not need any major maintenance for the next decade or so to lower the cap rate?

Fast forward to today, I have a quasi GC doing a rehab where he does the majority of the work in house, subbing out a few tasks, and I'm hiring a couple contractors directly and then coordinating scheduling.If you are looking at a specific repair task and want contractor referrals, I'd be happy to assist and provide my $.02.Use CL as a last resort; a lot of no shows and family emergencies is all I got from craigslist.

The majority of the ones I am running across require you to be an accredited investor. 

does it need work(major or minor)?

any major work needed or light upgrades throughout?

We're still one of the most affordable major markets in Texas, so I think it's still a good buying opportunity.

You are in the same position as the majority of investors starting out.

Since it is in a smaller town, I don't foresee any major appreciation in this property over time with the exception of me adding an additional unit to get me a 40% COC return. 

By the way, even small claims have a major impact.

Wilmington isn’t a major city, but we’re seeing a significant amount of multi family properties being build over the last few years.