This is not all that complex.

I personally think that when you company is that complex you cannot provide the best knowledge on all three subjects unless they are a huge company nation wide.

Ryan -- I would expect commercial lenders to be very skeptical of a neophyte taking on a small apartment complex, but if professional mgmt will be utilized, perhaps that mitigates those concerns.No question there are quite a few REO/SS apartment deals out there, where the prior owner simply overpaid.

This topic was discussing how to wholesale REO's and there is not just one way or method to do it and most of us have agreed that wholesaling REO's is much more difficult and complex than dealing with an owner where you can buy sub2, short sale, etc and wholesale it.

That is a very narrow view of a very large and complex market in my opinion.I do know that there are some other factors that have shown me reasons to buy there.

How would you enter the market if you wanted a confidence infusion and a low complexity scenario?

Greetings,I am in the process of purchasing a 32 unit complex.

I say that and I'm making an offer today on another apartment complex.

Thanks John Racine I have checked into this for some of my smaller apartment complexes and it didn't seem to make sense to me, even with the bonus depreciation that was given recently.

It's also in a pretty bad part of town, but there are other complexes in the area operating without a problem it seems.2 BR 2 BTH per unit900 sq ft each or 3600 sq ft totalAsking price = $24,000Repairs estimated by contractor = $70,000ARV according to Zillow = The "Zestimate" is $166,057 (not sure how accurate that is, I ran some comps and it's looking more like it will sell for $120,000-$130,000)TAV = $6,600 (why is that so low?)