Also will the property require rehabilitation as well?

Some buildings that are rent stabilized have the potential to be bought and you offer the tenants cash for keys and then rehabilitate and drive up market rent.

There are 9 groups eligible for WOTC and they must work a minimum number of hours or days and the eligible employee must be paid at least $6,000 in qualified wages ($3,000 for summer youth employees).Summer Youth Employees (90 days)Must be between 16 and 18 years old, employed between May 1 and September 15 and live in a Renewal Community, Enterprise Community or Empowerment Zone.Long-term Unemployment Recipients (400 hours)Must have been unemployed for 27 consecutive weeks.Supplemental Security Income (120 hours)Individuals who receive SSI benefits within 60 days of their hire date.Supplemental Nutrition Assistance Program (SNAP) Recipients (120 hours)Must be between 18 and 40 years old and be a family member that has received SNAP benefits either for three of the last five months or the previous six months.Vocational Rehabilitation Referrals (120 hours)Must have a mental or physical disability and must have been referred upon completion of a state plan under the Rehabilitation Act of 1973.Designated Community Residents (DCRs) (90 hours)Must be between 18 and 40 years old and live in and continue to reside in a Renewal Community, Enterprise Community or an Empowerment Zone.Ex-Felons (400 hours)Must be hired within one year of being released from prison for a felony or of being convicted of a felony.Veterans (400 hours)Temporary Assistance for Needy Families (TANF) Recipients (120 hours)Long term and short term recipients along with their family members.What is the credit amount?

Although I rehabilitated the place enough that the manager claimed they could get it rented it is still vacant after almost 5 months on the market.

HelloI recently purchased a historic building and I am trying to find grant money to rehabilitate the historic components of the project.

I am interested in investing for the first time with a syndication deal that is offering equity multiple of 2-2.3x, CoC 5-6%, IRR 16%,  5 year term, but I’m a little hung up on all the fees associated with it: an acquisition fee of Two Percent (2.0%) of the purchase price upon closing of the Property, (ii) an ongoing asset management fee of Two Percent (2.0%) of estimated gross income to be paid monthly during Company ownership of the Property, (iii) a construction fee equal to Five Percent (5.0%) of the rehabilitation budget of the Property, (iv) a disposition fee of One Percent (1.0%) of the sales price upon sale of the Property, (v) a guarantor fee of One Percent (1.0%) of the purchase price upon closing of the property, and (vi) a $20,000 marketing fee to be paid at closing.I was wondering if I were to put 100k into this deal how much actual ROI I would see after all the fees are accounted for? 

Our intent is to purchase and rehabilitate SF/MF properties on our own and also as partners with at least one other investment entity on larger deals.

These properties are usually sold at a lower price due to their ‘poor’ condition, and with some rehabilitation and renovation they can be transformed into valuable assets.

What is your process for rehabilitating properties from long distances?

@Steven Wilson - bought it for $85, currently doing rehabilitation, estimate arv to be about $210k based on 1% rule with current building only, it’s 2x 1 beds and 1 x 2 bed unit, 1 beds at $650 mo, and 2 bed at $800 mo