This is exasperated by the fact that these apartments are rent controlled (they phase out on vacancy), so their rents are well below market even for the shape they are in.

I am looking anywhere in NC for 10-60 units at present and don't have time to drive every street looking for apartment buildings.

@David Hines I lived thru the 3 hurricanes in 2004 in Orlando, they were all two weeks apart.

We are new flippers/wholesalers in Chicago but have access to a couple networks with turnkey properties.

So Im getting my feet wet with apartment complexes and came across these off market properties.

@Brian Halstead,Sorry to hear about your troubles with your insurance broker.I work for Fenix Risk Management, an independent insurance agency licensed to do business in Florida with access to multiple carriers in multiple markets.

This sets you apart.   

I will always show an apartment to anyone interested- but frankly I think very little of the realtors who contact me.

My two large losses this year happened because of bad, fluffed CMA's that we went by because we bought before we had access to comps ourselves and had a general knowledge of the neighborhoods. 

Hey, I got 30+ comments and 10 or so direct messages of interest in my first apartment, an owner occupied duplex.