This complex about 22 units in a pretty good area.

Bath rooms and kitchen are the most complex and costliest rooms to remodel because of all the trades and finish options involved.my suggestion ask around for references on a few general contractors talk to a few and get their opinions and a few prices sorry for the rambling post good luck

"Forgetting" to mention the property backs up to an apartment complex, sewage pumping station, or strip joint does not earn you any respect.I know a couple of people who do this well in my area.

Does anyone have any insight into the effect of apartment complexes on rent prices and ability to rent SFH in the same town or area of city?

If you are engaged in a deal I could argue that it was necessary and education for you to complete the complex deal due to the intricacies.I would push it off until you could complete other items.

If you don't know, call around to apartment complexes or agents.

Chris, According to the county property tax records, the value I stated earlier is the total taxable value.In regards to renters, the entire complex is rentals.

I really don't want to just throw my hands up and "let the bank have it"... but the complexity of how to do otherwise (and potentially profit from it) is way beyond my expertise.Thanks again.

50% of 5,000 is better than 100% of 0.Let us reverse the situation, I pose to you that I have 2 Million cold hard cash sitting in the trunk of my car and I want to buy an apartment complex, would you believe me?

The local area has several different non profits working to help with the homeless population that want to be helped, and you're right, it's a very complex issue.