See what goes into the garbage can.When we arrive, we ask the tenants for information...

Not sure how you arrived at the idea you would need to put up $2 mil, but even so, without details like how many units this building has, unit mix, average rents, etc. to get a clearer picture of things, would be hard for anyone to theorize.That aside, Jon's advice is spot on, and all that stuff may be a moot issue anyway.I will say, just so you know in the future, if you see a property in disrepair that is owned by an out-of-state owner, many, many times they will have no idea of the condition of their house/building, so calling them and informing them and then finding out if they are open to selling is a great way to find off-market deals.

Owning a security company, I put an alarm and camera in the property to monitor arrival/departure time as well as a camera to view general progress.

When I asked her how she arrived on a $750k asking price she really didn't have a good answer.

Have that figured out before you arrive.2.

We actually have our first kiddo on the way, due to arrive in January of next year.

The information and insights that you struggle with or find difficult to arrive to are the ones that stick the most.

Until today when we arrived to class to hand in our “strategy guide”(the form with our credit, goals and assets).

But now the shiny, new complexes have arrived and shaken things up.

This is the easiest way to arrive at your max offer price on buidlings with such poor occupancy levels.Reason being, if you take the current income stream (which properties such as this are valued based on income) you would get $460X20 doors occupied X 12 months = $110,400 current annual grossExpenses are well above the typical %0%-60% range due to low occupancy so this is actually a current cash flow negative property.