Usually they will search for apartment brokers or commercial real estate brokers that specialize in apartments  so you're going to need to approach it from that angle.The most effective method to find off market deals is to call the owners directly.

Hi @Allie Barke, CapEx or condos are waaaaaaaaaaaaaay lower. https://www.biggerpockets.com/blog/2015/10/13/real-estate-capex-estimate-capital-expenditures/The article does a good job of listing the costs line item, but does require adjusting based off the quality of your condo, and your market. 

Some more details (more typing lol so please excuse any typos or short hand I use on this blog)I was in CONTROL of the deal the whole time, which everyone says is the #1  ( Agreement to Purchase or Assign, and the Assignment Contract.

Can I legally have the locks changed while the lease is still in effect anyway?

When I reviewed the actual TD, it said something to the effect of "this TD secures a  maximum of 501K in debt" since it was the TD securing a LOC. 

But if not, it would probably be more cost effective and quicker to evict the tenant yourself. 

Hi @Redha LaafiaI wrote a bigger pockets blog post about this very topic a while ago that echoes much of what's been already said. 

You can also check the operating expense ratio (OPEX/effective gross income) in comparison to the comps to see whats going on.Good Luck!

Just be wary in NJ about taxes and the effect of a non-paying tenant.

@Russell BrazilI would argue that the yield if an asset has everything to do it.Why invest in one 6% yield asset when you might be able to invest in two or three 12% yield assets in another market.The point was about judging the effectiveness of the BRRRR method in a hot market.