Ryan -- I would expect commercial lenders to be very skeptical of a neophyte taking on a small apartment complex, but if professional mgmt will be utilized, perhaps that mitigates those concerns.No question there are quite a few REO/SS apartment deals out there, where the prior owner simply overpaid.

This topic was discussing how to wholesale REO's and there is not just one way or method to do it and most of us have agreed that wholesaling REO's is much more difficult and complex than dealing with an owner where you can buy sub2, short sale, etc and wholesale it.

That is a very narrow view of a very large and complex market in my opinion.I do know that there are some other factors that have shown me reasons to buy there.

This is not all that complex.

I personally think that when you company is that complex you cannot provide the best knowledge on all three subjects unless they are a huge company nation wide.

I screw up on a 60 unit complex and it's a $20,000 mistake every month until I fix it.Now let's be honest about straight ROI.

If the shape is more complex, you'll have to measure each piece of wall, break it into rectangles, compute the size of each one and add or subtract as appropriate.

Individual control is possible with a central unit but it adds to the complexity and the cost.

Thanks John Racine I have checked into this for some of my smaller apartment complexes and it didn't seem to make sense to me, even with the bonus depreciation that was given recently.

I'd like to take a stab at the macroeconomic impacts on the US economy--this is really complex with many primary and secondary affects, but I'll trace the effects through the FOREX, the Real Goods Market, and the Real Loanable Funds Markets...get ready for "boring"... 1.