San DiegoSale price: $60,0001br/1bath70 units in complexHOA: $200Rent in area: $900Build in 1970We are thinking to make an offer, but we found out that this complex has HOA financial problem.

The answer is a big no you couldn't rent a 300k house for 8,400 a month in income minus expenses of course.As the rents increased some over the years along with appreciation you could get very nice returns.If you had 300k to invest you could also buy a distressed asset such as an apartment complex with deferred maintenance and occupancy issues for cash and turn it around or use hard money and once the property is stabilized refinance in a year or sell off for a profit.What you can do depends on how much money you have to play with without bringing in another partner or raising capital.Hope it helps.

Being accustomed to dealing only with SFH it seems the sheer size of a 200+ unit complex would make it more complicated.

this is in an apartment complex i manage currently.

2% rule says rent needs to be at least $240 per month I'm still trying to learn the ropes.Seems like I will need rent to be at least $575 and better yet $600 to make this thing work.Although, I think that is at the high end for 1br units in this complex

Comps are about $80K to $100K today from my internet search but I think this complex has about 10 for sale now, but not as nice as ours.

I am from Maryland, can you please suggest where should i look for apartment complexes?

You can reinvest that money and earn a much higher return on investment.The apartment complex we closed on recently has projected returns that are around triple most mortgage interest rates.

The goal was to take complexities and overhead out of the biz.

A complex should qualify for its own umbrella