Are there any legal and accounting brains out there who might shed some light on what could go right...or terribly wrong in this scenario?

When I started working mostly with investors and added property management into the mix the light bulbs really started burning bright.

I see the 90 day rule in two lights, one, the market has changed and they can't restrict title forever, so 90 days allows markets to change and their agreed sale price may no longer be valid.

It had new windows, roof, furnace, siding, trim, flooring, paint, doors, landscapping,etc.

I'd look at it in much the same light.

And then you have area # 6 which is mainly East Nash with 37206, 37216 and certain parts of 37207.As far as buying actual apartment buildings, depending on how big & how many units you are referring to, you'd be hard pressed to find a good, full complex for sale, rather maybe look into multiple units for sale in an already existing complex.After being in the Hotel business for awhile, I know that there are a lot more day-to-day maintenance and liability issues, management costs and other misc factors in running a big complex that could add alot more expense to your overall budget, slowly eating away at your bottom line… You may have to think about and budget for the following: pool, dumpsters, common grounds, insurance, exterior lighting, signage, landscaping, security, employees, etc...

Well done.If you don't get positive feedback from the open house I would suggest upgrading the landscaping.

Meaning the house looks good from the moment you pull up: Siding is good, good roof, nice yard/landscaping, etc.Also, check your mechanicals.

Then again, I'm just a beginner, so take my advice lightly.

I have a landscaping customer of mine that currently has one of her properties on the market (2bd/1ba) for $38,872 located in the south suburbs of Chicago, IL.