In industrial, my experience is clear heights, door count and size, loading dock access, and (probably not the case here) how perfectly level are the floors.I would also run a price sensitivity on how far rents may be able to drop to still make this worthwhile.  

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

I wanted to buy a mid size apartment because of the scalability.

A HELOC carries a higher rate over a shorter amortization usually 10 or 15 years and a mortgage carries a lower rate over a 30 year amortization offering a lower payment.You have to run the math in each scenario because the math differs based on a few things like Fico score, CLTV, Loan size, and time frame between purchase and refinance of new property.

These were custom homes & when the subdivision grading was done we did not know the size of the homes nor their driveway locations.

The bottom line of this table tells us the results of cost segregation.

@Emory Clayton what other potential renters do you have and what size is the house. 

Hey @Michael Dallas, it sounds like you've put a solid offer on the table—10% interest-only on $95k is competitive, especially with a clear 2-year exit plan.

Read books like Set for Life by @Scott Trench and Start with Strategy by @Dave Meyer to get the mindset of starting on the table before going too deep into an asset class or something like flipping.

I am in the middle of closing on a mid-sized apartment deal in Mcallen, Texas.