Probably 3-4 million total project cost in Texas, NY may be more.

First, Chicago is extremely tenant friendly, so if you are investing in C or D areas which can only attract poorer credit, lower income or subsidized tenants, you WILL (I promise) have problems with getting all your money, property maintenance, and lost rents.

Pittsburgh real estate investors and those wanting to live in vibrant areas might be attracted to the developments that this city has planned starting this year.

Literally I've made millions for my members on this kind of data, hence the interest. 

Especially if you can lock up some attractive owner financing might be icing on the cake.  

I know it involves significant renovations and legal help but I believe all units will sell for about 12 million and we would only be into in for 4 million or less compared to selling or doing buyouts based on the appraised value of 2.5million.

Hello, I know this has probably been asked a million times but I could not find anything in the forum so here goes.

This deal was attractive because the tenant had been in the home for 13 years and ALWAYS paid on time.

All that said, $1.7 Million for 52 units seems like a reasonable deal.

They're attracted to the unique prices, locations and returns our market provides.