Was purchased as our primary residence, then we moved and have been renting it out.

Purchase price: $2,400,000 Sale price: $3,800,000 48 unit asset in a tertiary market. great upside in bringing rents to marketwe sold the asset after taking rents from 700 to 1000$ per door.our investors recieved year 5 returns in year 3 What made you interested in investing in this type of deal?

I am currently going through the numbers and trying to figure out how much it would rent for, what kind of maintenance reserve they should keep, etc.. 

Purchase price: $9,800,000 Sale price: $16,500,000 built in 2001 this is a great asset. well maintained and nestled in a nice green corner in the path of progress in the inner city loop.great value add. renovating interiors and raising rents over 125$ What made you interested in investing in this type of deal?

Also, it may save you a lot of money/headache if you buy a plane ticket and rent a car to see it for yourself.

Once renovations were complete, we had 5 separate units to rent.

It's been rented all but about 3 weeks since I finished it.

The rent comes on time for March, April and May.

How is the rent for a 5bd 2 ba in the area?

Not to mention the ARV would get a little bump if you were interested in cash out refi on the property along with a rent raise.