(Utilities were rounded up on my part)The asking price is $115K (in a very small town, but the biggest town within a 50 mile radius).Monthly Rent                                          280010% Vacancy                                        -    280Gross Monthly Operating Income     252010% Property Management                   28010% Repairs Maintenance                      28010% CapEx Reserves                                280Property Taxes                                          280Property Insurance                                   200Heat                                                             270Electricity                                                    225Water                                                             75Monthly Operating Expenses              1890   Total Annual Operating Income           30240 Total Annual Operating Expenses     - 22680Annual Net Operating Income             7560Purchase Price                                    115000Cap Rate                                                6.57%25% Down Payment on Loan             28750Loan Amount                                        86250Closing Costs                                             300Length of Mortgage                             20 yrsAnnual Interest Rate                              5.0%Total Annual Debt Service                  6831Annual Cash Flow                                    729Monthly Cash Flow                                  $60Cash on Cash ROI                                   2.3%When I first saw a "6 unit apartment for only $115K" I thought it was a gold mine.

I'll defer to our lending gurus to better fill you in on that end of things, but certainly you should look for ones that are in the path of progress, have additional revenue sources (think storage, laundry etc), or potential therefor and/or have scope to add a bedroom or another unit to increase the income.

On the other hand, the broker that represented us in the acquisition of the lots is also a very good and capable broker, although she is not specialized in new home sales.Frankly, I think either would do a good job selling the homes (especially in this market) but I'm trying to weigh the following things:1) In general, I like the idea of rewarding the sourcing broker. 

The biggest focus for us is job growth and type of job growth coupled with low crime area.

You are definitely on the right site if you wish to network with other investors, learn new techniques and strategies, and get a sense of direction in real estate investing.In my years perfecting and sourcing undervalued real estate for immediate resale, I have discovered that sending out blind offers to owners has garnered me the most success. 

@Pundari PothiniRemember that syndication is simply obtaining investment capital from many sources (investors) instead of just you/the owner.

I ran the calculation with a ductless minisplit air source heat pump vs an energy star oil furnace/boiler(with oil at $2.21/gallon and electric at 15 cents/kilowatt hour,) and with these assumptions, the ductless saves about 35% on heating costs.

For sure when you say the word "hidden", wells and septic shouldn't be your biggest fears.

I am likely looking to use hard money as my source of funding, but since hard money is usually based on the deal itself, I'm assuming you have to secure a deal before even submitting a request for funds - but do you actually have to something under contract to apply for hard money?

We are looking for financing options other than the traditional sources.