You’d pay 80 grand for this ?

So you’ll have 600k in debt and then add another couple hundred grand in house debt.  

In the grand scheme of things this isn’t a “large” apartment property.

Hey GuysI'm a licensed general contractor in Grand Rapids and I have been a custom home builder for the last 5 years. 

There is at least 50 grand of work or more in this property now.

Your taxes look like about 8000 a year ( yikes) so I’m not sure why you are saying 225 a month for taxes . 750 grand for units !

Garbage 20$ a month- that seems cheap Closing I would imagine your going to have atleast 4 grand Be sure the rehab costs are correct by actual quotes from contractors for the scope of work involved not guessing All that being said ..This looks like a solid investment and one worth pursuing once you get your ducks in a row

Let him earn a few grand for the assist. 

A bird in the hand is worth more than ...........Home runs feel good , grand slams even better .But base hits all day long can win the game 

***You should also consider areas just outside of it too, like Casa Grande for example.You can help us help you by telling us a little more about yourself, your experience level, and what type of real estate investing you're looking to do (fix and flip, buy and hold, etc.)Plus, if you tell us what kind of property you're looking for or what returns you're hoping to get with your strategy, we'll better be able to point you in the right direction.