My major takeaway from it it all was most all the haters were from the left coast or notably direct competitors. 

Also, real builders/experienced developers will often have a true technician, i.e. a civil engineer, architect, real estate attorney et al at least glance at the property info to make sure there are no major red flags.

However I've seen 1 bedrooms go for $1800 in the nicer part of the city, so this is for the majority of the C+ / B- apartment houses in the area. 

However I have had to replace some major appliances recently which had put my in the defecate and added to my motivation to sell (Hot water heater, two refrigerates and a washer/dryer).

Rent for Retirement (@Zach Lemaster) specializes in new build surplus from major home builders, many in Texas.

I can't tell you how long a conversion process will take, but I can tell you that their building department is not fun.

That is, of course, the major problem when you use cap rate.

Otherwise most towns like Roxbury, Landing everytime someone moves in you will need to have the fire department inspect the property so you can get a c of o.

I am not looking to make major improvements, but I am looking to enter and secure it.

Areas of consideration:- Rehab to Rental- Flip to Public Market- Wholesale (If the deal comes with major equity and ROI incentives)If you are interested in joining the team, please respond below or connect with me through Bigger Pockets.Best regards,Drew Hantla