I'd never pay that here in Denver, and I see apartments trade hands below that.

Both are priced way below construction cost.

I really need some advice here.I've got a 9-unit building with a small roach problem.Now one of my clean tenants says he wants to move because the roaches are so bad - mostly caused by the gross tenants that live above and below him.I've already sprayed recently, and I'm sending the pest guy out again soon.What else can I do?

We were actually able to buy below list, at a very reasonable price.

Found this on a website , don't know if that helps.But have a few qns - if you have a mortgage, deed of trust or mortgage that's filed against the property will remove any anonymity that one seeks.Also don't know if mortgage companies would allow a land trust to hold the title.More informed folks here would know.Edit: duh found this link below, which might answer my own qnhttp://www.biggerpockets.com/forums/51/topics/71021-land-trust-and-mortgage

Rents below $500 per unit call for a percentage even higher than 2%.

In the Baltimore market right now some areas are 40% below market and some are assessed 50% above market.

My email is below.

Some of our less successful rehabbers had to lower their price below what they considered to be the low end of their ARV.

I would have moved on long ago, but this is in my target area, well below my target price, however, who knows when this will if ever be resolved.