“This is an offer for ABC Apartments located at 123 Main street, consisting of 55 units.”

Some locations look like they'll NEVER get their new build costs back straight away. 

Sorry Alex, I did not see your post until now (it's a busy week here ... as in most university towns).That is precisely how we handle individual rooms.  

We also own half of the building our office is located it and I'm the property manager for that business park.Recently my wife and I decided to buy some property outside of Marysville, CA.

Homes in the location have sold for 60-115k.

You should also know that with the transition to Sage acquisitions we have seen recent HUD homes have listing prices that are not condition and location appropriate.

DFW InvestorsTime of Event: 09/12/2016 at 05:30PM Location: 15650 Addison Rd., Addison, Texas, 75001 Fee to Attend: FreeInfo is at the top in the community section.  

For example, if you love the neighborhood where your first property is located, maybe you can have your ear to the ground and find out if any neighbors are thinking of selling.  

Despite my plans on getting the house insured fully as well, regardless.We were going to take this project on as it was a location my fiancé and I liked to live in and we liked the two houses if it was not in disarray lol, as well as the one acre of land. 

This might be a better flip as you will then have capital to purchase a nicer location with potentially better cash flow.