You need to make sure there is not a sweet type smell in there as it could be meth on the walls.

Experienced apt owners will say the sweet spot for unit mix is about 70% 2 bedrooms.  

Once I do I'm leaving this ship and spend your hard working money on women,wine and more women and wine.

I can’t tell where in CA you are Chelsy, but paying $160k for a $280k-$320k plus $35k in repairs is quite typical and the sweet spot now for REO’s in my area.

The deal itself is always a factor and if the deal is sweet enough, you can be a moron and it won't matter to the lender.

Sweet gig :)

They have positive cash flow even after building in an 8.3% (one month a year) vacancy rate - so if I can keep the long term vacancy to 2-3% over time that will boost my cash flow even more and they will have no debt service in 13 more years providing some extra sweet free cash flow down the road.

Somewhere in the middle is the sweet spot where you get a decent amount of inquiries and quality applicants (plus a few goofballs - they always exist).

WAY less time involved, always buying at a sweet discount, significantly low LTV for safety.

but it seems like a pretty sweet tool.Anyone familiar with it?