If they really are, you should ask for copies of city permits and proof passed inspection.Fitzgerald-Marygrove Neighborhood average property value is only $87,549, making it a Class C-Minus Neighborhood (in our opinion).

That could be market knowledge, ability to rehab a property - something that can give you an edge over other experienced RE professionals in the market and asset class you are working in. 

In a market like KC your $300,000 would get you a $1.2mm purcahse which would be 10-15 units depending on the class and location (could be a bit more or a bit less).

Are you looking D, C, B or A class tenants/ market/ property? 

We are right across from a large high school.The upper unit is larger and gets different people but I wanted to point out the current guests.

And because we use classes, we need the 2nd to most expensive version.

You have to talk to the sponsor to find out the details on each particular deal. 1b) And the asset class matters too. 

Cutting to the meat of the situation, I came across a property that looked like a fixer upper, typical investment grade property.

did 3   one broke even only because sponsor made everyone whole at exit which I suspect is quite rare.other two are perking along.. these were Class A apartments in Upper mid west promote was not some sky rocket return and frankly I can do better on my own.. but it was end of year so I was looking for some cost seg. 

I fully renovated the upper unit with well-above-average finishes, and it's been averaging ~$2,850/month in gross rental income over the past 12 months as an STR on Airbnb.