I revisit that book (audio version) every 6 months just to keep me from old habits. 

However, I came across a Court Order Sale: Value-Add 8 Unit Apartment Bldg (4- 1/1, 3 studios, 1 2/1) for $150K in the Austin neighborhood, for the Chicago natives who might have an idea of the location.

Better yet get it on audio.

I was reading some posts where people were buying buildings with 4 apartments for $100K...you can't even get half a studio apartment for that where I am!

The only places I have seen with rent that low are studio apartments or maybe 1 bedrooms in less desirable areas, like South Tucson (which actually is pretty close to the U of A).Don't forget that an 11 unit will require commercial financing, which means higher interest rates and shorter amortization periods, which simply put means higher payments. 

We have about 10K for a down payment and have actively been educating our selves and searching for something to start out with.which has led me to this unit.studio apartment in a desirable inner city community. there looking for $89K. the community it is in has some fairly high rental fees after lookign a studio apartment in the community could run anywhere fron $800 a month to $1300 a month. im leaning a bit more towards the range of $900-$1000 a month.Calgary currently has almost a 0% vacancy rate (we had a major flood which wiped out a bunch of units) so there is a very high demand for units.The condo fees are $220 a month + electricty (tenent will pay).

Make calls, listen to podcasts and audio books, things like that.

Home also has a seperate unpermitted studio 350sq ft with kitchen and bath, built very well and also remodeled.

Thanks, love the audio.

The standard rent is $400 per studio (all 27 units are studios except the 28th one is for the landlord to live in, which has full bathroom, kitchen, living room and bedroom).3.