Reverse Starker Exchanges are very pricey and complex, so if you really want to "trade up" into something else, just sell your property first and simplify the whole thing saving yourself big $ and big hassle.

It is an average across large apartment complexes across the country and many use it as a starting point, a sniff test, for how solid a deal is.CAPEX is Capital Expenditures, your major repairs... things like the roof, HAV, hot water heater, appliances, etc. 

I am an investor in apartment complexes and currently own properties in phoenix, az. market is not really growing at the moment and am looking for a better market for my next apartment complex. looking for something around 100-150 units. i've been thinking of either shreveport lousiana, brownsville, texas or maybe even tyler, texas. anyone have any suggestions?

He never actually used the money that we wired to his corporation to even purchase the apartment complex.

good plan though.I can get a 10 unit efficiency apt complex for 135k but the work needed is so extensive Id be there a year.I honestly yhink the sgort sales here are what REAL people are buying,not investors.

The only other thing I could think of is there is a water tap out side of that room which is used to water the plants in that little part of complex by the management.Thanks alotAfsheen

The topic is so complex that no single source will show you how to get top position without doing work.It is a LOT OF WORK !

It's a little more complex than that.  

I am looking at an auction deal on a large apartment complex. 

The conditional term "right property" makes this oversimplification more accurate, but also opens up a big can of worms because determining what is the "right property" is very complex.