I find that most investors want to see a property's projected IRR (internal rate of return) over the anticipated life of the deal.  

What are some of the logistical/financial blindspots that you all see or that I should anticipate?

Considering the particulars of our property what would you anticipate the DOM to be?

If you're doing something like tile flooring, it will take at least a few days per unit, and remember that any time you rip something out of a house, you may discover a problem that needs more time to fix than you anticipated!

I'm wondering what kind of costs I could anticipate for building out a 1BD/1BA unit down there.  

It all depends on the price range anticipated when you are finished.

So I'm in action...but actual action is a full time job in itself..lol..that was a fact I should have anticipated, right?

Originally posted by Vince O Hara:What are the things to look for in an apartment building for sale for the new investor.Does it stack up financiallyEase of acquiring new tenantsType of tenants the asset attractsFor the financials take either current or maximum effective rent total, then deduct expenses such as 10% for vacancies, 10% for repairs, property taxes, insurance, lawncare, loan payment - commerical note with a 20-year amortization schedule at 6.75%you should then get an idea of what the NOI/cap rate/cash on cash return fgures areI would not go into apartment buildings as a first project - they are more complex than people anticipate. start with duplexes or quads.I think the sweet spot for the first level of multi-family commerical is 70-80 units.

i've heard that you should do the contract based on the seller figures for ARV and repair costs, then during due dilligence when you determine the true values you then try to re-negotiate if the seller was way off - i would anticipate some seller hesitance (even if they are motivated) if you try to re-negotiate w/more accurate values.

Trying to figure out the name has turned into more of a task then I had originally anticipated.