I have been seeing a few areas that have (or will have) large "luxury" apartment complexes going up. 

An eight unit apartment complex that its pretty dated.

Caulking is a minor cost and at the apartment complex where I worked we did not charge for re-caulking tubs, sinks, and tile.

I have a software development background and had worked on simulators (for traffic analysis) many years ago, so it seemed like a natural way to become more familiar with the interrelationship of various real estate metrics and produce a usable tool.Hi Roy,I'm curious how complex your modelling goes when evaluating the sensitivity of some of your input variables?

But, if the problem is severe and grading doesn't help, you should probably look into more complex solutions (foundation drain, dry-locking, water barrier on exterior, etc).I know a lot of flippers will say don't worry about it, but if you're trying to build a good reputation, fix it...

I get that it's a fairly small complex, but sounds expensive.

Selling the property without a 1031 Exchange and taking the tax hit now.There are other more sophisticated/complex strategies available, but need to be discussed with legal and tax advisors to determine level of tax risk (if audited) and suitability for the investor.

Due to the complexities in filing tax returns for real estate inside a retirement account, I would suggest using a tax preparer (at least for the first year) who has a comprehensive understanding of these type of investments.

I want to thank some BP members for the property leads on large complexes they've givin me.Thank you.

San DiegoSale price: $60,0001br/1bath70 units in complexHOA: $200Rent in area: $900Build in 1970We are thinking to make an offer, but we found out that this complex has HOA financial problem.