These were good buys from HUD (lowest 2 sold in the complex in recent history) that I rehabbed, so the cap rates are pretty good.

She vacated the apartment rather than be hauled into court (hooray!).  

It has been ruled not suspicious.The charges will now be sorted out by the courts and penalties range from $2,000 to $50,000 for individuals.

All of this case law could be applied (at the Federal level) in considering what constitutes an unacceptable delinquency rate for loans made on primary residences if the courts agree.Any operator, no matter how small, should be prepared to defend their delinquency rates, and to work smarter and more effectively at decreasing them.

To my understanding in real estate law  a person cannot stop paying arbitrarily because of issues  if they are residing in the property they still should pay in lieu of findings from a court etc  if they have not paid you  for your monthly rent  then your recourse is to evict them . of course going to the legal process which unfortunately take some time  if you  PM me  I will send you the statue that you can show to them that hopefully  causes them to continually pay  it would be different if you were a  bad landlord and wasn't trying to take care of the property  they should see that you are remedy the situation it sounds to me that they are just trying to take advantage of the situation or honestly believe that they are in the right

We are looking for multi family and apartment complexes in NC.

I'd do that now on your tax return to help show numbers for needing to show previous numbers for sale purposes.If there are multiple parcels on that one Bill Each is a separate entry unless its considered on complex.

Back in November, he showed me this 30 unit complex he was interest in just outside downtown Portland.

I recently seen them at an auction for a 23 unit complex.

I would love to use this equity to get involved in small apartment complexes.