Curious what your total debt is these days on 200 units.. and with loans what is your vacancy factor to break even..And your point of the 5 year call is a very valid I see a lot of newbie syndicators signing up for these loans and most of the sponsors if they had to pay the debt in full IE loan not renewed would be in trouble and the equity investors wiped out..  

@Mitch Messer thank you for validating that for me.

This is how banks make money.Are the points other make valid and good. 

Out of curiosity did the QT gas station next door play a factor when deciding to purchase this complex? 

I'm seeing more deals coming from Decatur, and would appreciate hearing your thoughts as it may help validate my own assessment of the market.   

Also wondering if other Texas cites like Dallas-Fort Worth or San Antonio that aren't so strongly tied to the oil and gas market might be a safer bet?

Originally posted by @Bradley Bogdan:@Bill G. As

Here are some of the numbersThey countered my offer at 60kHOA $203 Includes Water, Heat/Gas etc...Taxes are just over 1k a yearAll in payment around $600-650 as I'll be putting down 20% Rent looks like to be around $950-1,100Curious to see what you guys think!

Not always, and validate this statement with your own independent analysis, but in general this tends to be true I believe because people tend to stretch more than they should financially at times to get into these markets and when a downturn hits that strategy backfires on them.

Lot fee is 400 a month plus electric gas and water.