Between my wife and I we can purchase and pay for 4 fourplex's within 7 years and then from their I was thinking of selling them with a 1030 exchange (atleast I think that is what it is called.) and purchasing a bigger apartment complex.

This is my third or fourth eviction, but this time the court clerk just mailed back my request for default judgement, rejecting it stating "no service on unnamed occupants".On the unlawful detainer complaint, the tenant was named with "does 1 through 10".But the sheriff only served the named tenant and no other occupants were identified.  

Out of town investors sometimes these more rural areas require hefty deposits for utilities for the complex if you are not local.

If they respond to the unlawful detainer complaint and wish to go to court, it looks like it could take a month or more to get them out.  

In the future, he said, individuals accused of unlicensed activity may receive a “Notice to Appear” that requires an appearance in criminal court.

Just read an article about the Supreme Court rejecting 2nd lien stripping in Chapter 7 bankruptcies.

Asking price is $60k.Here are the numbers based on a $50k purchase price: Cost Assumptions Purchase Price $50,000Improvements $2,000 ( Tear out 2 bedr carpet + paint + misc )Closing Costs $2,848  Auction site fees of 4.5% plus $299 Doc.Total Cost $54,848 Finance Amt $40,000 Downpayment Amt $10,000 Cash Outlay $14,848 Revenue Assumptions Monthly Rent $675 ( Average for complex )Vacancy Rate 8%Annual Cash Flow $3,233 Cash ROI 21.77% Total ROI 24.51%

I invest in tax deed properties in Ohio, which has a slightly unusual system in that if you 'win' a property at auction, you only have to pay a deposit on the day (usually around 10%), and the full amount is not due until the sale is confirmed by the court (ohio is a judicial state), which is usually a few weeks later.This is sort of like having a property 'under contract', when you would normally go off and try to get funding for the rehab / a buyer etc.

You will also want to check the court systems to see if there are any judgments against current or previous owners that could attach as liens to the property (these often are not recorded in the same way deeds and other liens are).

Do you think an apartment complex reaches out to try and understand everyone's issues?