Glassboro has seen a large amount of development and the towns surrounding it are seeing growth as well. 

Maybe he wants to pay his mortgage to secure a large HELOC for property investments, thus becoming his own banker, which could be the best terms he can hope for.

One thing to look at is the water and sewer... that's a large expense that would be good to get in the tenant's names if at all possible, especially if that's more typical of the area anyway. 

You can still get a higher return on investment than most large cities in America.

If you're wondering why there's an all furnished property at 163 units, we're near a rather large university. 

what I find very unique right now Ned is the amount of HML or private money companies led by large hedgefunds investing in these HML companies have driven these private rates down to 10% apr or less.. so to only have about a 4% spread between bank money and HML is quite unique in my experience over the decades.. other than the high interest mid 80s anomaly.. 

The downsides of a single large building are that it's less liquid and more vulnerable to sudden market changes.That said, I would still go the small-med multifamily every time.

I'm in the middle of an extensive turnover of a large 2br unit.

Unfortunately real estate alone doesn't offer a ton of opportunities either in a traditional planning sense (i.e. not talking about 1031s, property managment companies, etc.)With active trades or businesses many times we can advocate for large retirement contributions into 401ks or SEPs which can save a bunch in taxes.

I have credit in the low 700s and am looking to make a large down payment.