Landscaping and carpet were prob only things.

Landscaping and carpet were prob only things.

I had a 48 unit bldg with no power for 4 days after high wind almost tornado storm.. it was summer but the heat is almost worse,, we ran extension cords with generators to light halls and tenants just realized we were doing the best we could..

Meaning you rehab the space with new or renovated HVAC, plumbing, lighting, roofing etc.

thanks for the response Chris, I was in total shock when this came to light.

Perhaps you could offer some labor in return for the privilege of watching the process (demo, painting, landscaping, etc.).

To their credit, a I noticed a few improvements had made on their dime (new exterior lights were installed and  motion sensored).

Hi BP,I wanted to share the questions I find myself searching the answers for in hopes you guys can shed some light for a small investor making his way into the Multifamily space(25-100 units).

I can probably cut windows on the back of the bedrooms and get some light in via windows from the porch/staircase...but not an ideal solution.This being a foreclosure the bank is not going to provide survey, so I am ordering survey.

I'm in the learning stages too, so don't pay too much credence to anything I have to say :-).That being said, I'd be a little nervous about the vacancies- if you buy on actuals using 20% down, that's $31.2k/year gross minus $21k/yr (rough & conservative estimate using 50% rule-of-thumb on $42k gross at full occupancy, since you'll still need landscaping, garbage service, etc.) minus $10.8k/year debt (conservatively using 5%), which would put you at -$50/month right out of the gate.I'd probably want to see a rent roll and trailing 12mo P&L- I'd also want to know how long those two units have been vacant, and would try to find what the reason is (whether you happened to catch them when 2 tenants moved out, or whether there's a bigger underlying problem).