C/D properties can be money makers, but usually for people that self-manage, live in the market, and really know what they're doing.

I oversee facilities and operations for the entire portfolio that runs from NC down to FL, as well as managing new development, most recently including ground up development of a multi-tenant building and 3 large indoor secured self storage centers.

Painting in the winter sucks for the contractors - siding they can at least do the prep work and cutting indoors when it's cold.

Just by looking at the property I would factor in a bit more for the repair/make rent ready.

The borrower is the "Maker" of the loan and can be the "Originator" as well, so take care in what you try to do. 

Being a market maker while simultaneously being a profit driven, publicly traded company with responsibility only to its shareholders, Goldman is in a much different position.

Also, condos have association fee and weird rules that could make renting the property difficult.

To echo what others have said, Chicago's money makers are in 2-4 flats.

turn overs with average not much damage run 1000 to 1500 each time little damage and that can escalate to 3 to 5k quickly. you know kicked in doors because the old man got mad at the old lady type of thing.

The largest chip maker in the world is building it's headquarters in Phoenix and will employ over 4,000 people to start.