This area is great for solid renters as the local hospital has a huge residency program so there are tons of young doctors looking for solid apartments and will be around for minimum 3-5 years.

Been doing it for 4 years with solid returns so it wasn't an issue.

Rules of thumb (like MAO) are great starting points, but in the end if the numbers were solid and stable, would you rather pay $188K, get the deal, and make $10K less, or not do the deal at all?

That and to have a solid partnership agreement ironed out by an attorney.

Full rehab, building has solid section 8 tenant in it, and going well What made you interested in investing in this type of deal?

The station had a phase II done in 2012 after they removed an old tank and has kept solid maintenance systems and records.

Some people are afraid of ELF EMF from power lines - nothing solid about it in Medical journals ... read a little.2.

It is a solid brick building, but the replacement cost shot up due to the change in supply chain and construction costs. 

Find a place that is solid and has potential to add equity through updates/renos. 

In fact, I don't see many young professionals starting careers here unless they have family nearby or have roots here.