The community is awesome, welcome again!

The property is extremely mismanaged and the tenants are quite undesirable. 20 of the units are affordable housing tenants and 5 of them are on a master lease with this company who lets the homeless community use the units.

Hello BiggerPockets community!

I skimmed through the responses and think there is a lot of good information already shared.

I am looking at the following deal:Address: 4116 Jason Rd, Spring Hill, FL 34608Asking Price: $650,000Property Type: Multi-Family | QuadPlexBedrooms and Bathrooms: 8 Beds and 8 Baths | 4 UnitsSquare Footage: 4,644 Sqft | 4 UnitsCurrent Monthly Rent: $5,525"This property comprises two fantastic duplexes built in 2007, which share a lot and feature a private screened-in pool.

What a great community, thanks again all!

Many thanks in advance for sharing your experience and knowledge!

I now come to find out that this is not the case, and it only has one gas meter and one water meter shared between both units.My question is, since this is an as-is purchase, do I have any recourse in this situation?

They should be able to send you an address of a rental they own.2) If they plan on sharing a BP Calculator sheet for each and every property they send you.

I originally posted this a year ago and I am happy to share the results in a comment on this post, but before I sway anyone's opinion I would love to hear your thoughts...So with that said, historically the industry accepted standard for underwriting a projected exit cap rate is the market stabilized cap rate plus a 10 bps for every year held.