For comparison the average one or two bed apartment in my area is 450-550 and these can be bought all day at a rate around 12-15k per unit But if you buy this You will have around 21.5k in each of those * plus what ever the rehab costs are which may run very high on a apartment complex with that many units.

Erica,This is a complex situation for a beginner. 

There are big institutionally managed apartment complexes that have been dropping the rent by 10-15%.

Whether it is easy or complex depends on the easement type, easement holder and if they are around and can 'vacate' the rights for you.

In my effort to analyze a "deal a day" I came across an apartment complex of which I'm familiar on the Mississippi Gulf Coast (the area on which I'd like to concentrate).

@Suzanne Johnston I strongly recommend that no matter what CPA you choose, be sure they understand the nuances and appreciate the complexities of commercial real estate investing and the advantages available with the IRS' preferred methodology of cost segregation which is engineering-based.

She calls me an ******* and hangs up.Few days later I get an email showing request for another unit in the complex.

Smaller items may be more complex, such as taxes and purchasing with partners outside of the LLC

Third, usually the landlord covers garbage in larger complexes like this and I see that you marked garbage as $0.

@Jordan Page, I have a couple of duplexes in Cleveland and an 8-unit apartment complex in Blountsville.