It is the interest payment for 6 months which equals around 5k.

The apartment of 15 might be much cheaper.Everything equal?

Continuation from Part 1 of this series: https://www.biggerpockets.com/forums/44/topics/723267-apartment-financial-underwriting-part-1-of-a-2-part-seriesApartment Financial Underwriting - Part 2 of a 2 Part SeriesInvestment Yield RatiosIn Part 1 of this series, we covered the basic organization and structure of an apartment proforma, income and expense summary, and a construction cash flow schedule.In this 2nd part, we'll cover investment yield ratios that we utilize as a professional development company, to analyze the return characteristics to determine if a project is worthwhile in our initial underwriting, as well as, provide final financial return reporting on completed projects.In the development business, these are the major financial ratios used to measure investment yields on equity investment by professional developers, institutional level and mid-size equity investors:Internal Rate of ReturnEquity MultipleROI or Cash on CashInternal Rate of ReturnFirst, the textbook definition:Internal rate of return (IRR) is the interest rate at which the net present value of all the cash flows (both positive and negative) from a project or investment equal zero.Internal rate of return is used to evaluate the attractiveness of a project or investment.

Next, if the landlord must send a properly written "Notice of Belief of Abandonment" notice and give 18 days for the tenant to respond.

We know the original loan amount that was taken out in 2002, and IF the payoff is equal to or less than that amount we will be very happy!

Federal, State, and Local Government....so that existing homes in bad condition will not adversely affect property values of newly rehabbed and newly built homes, while simultaneously making the existing residents part of the growth of their community.Also there should be measures put in place to protect existing residents who cannot afford increases in property taxes, such as the establishment of Community Land trust.REVITALIZATION DOES NOT EQUAL GENTRIFICATION.

We opened escrow, did the title work and got a bank appraisal (which concluded that the present value of the property equaled the purchase price).    

That being said, money is the great equalizer and understood by everyone in all languages.

The only exceptions are markets like Austin in which the dealers have enough demand from credit-worthy customers that they will rent the vacant lots from you (almost like spec homes) in the belief that they can get a customer.The bottom line is don't think that vacant lots = no demand.

Let me know what you think.As a matter of information, smoking is prohibited inside our rental units.If you decide that the apartment would meet your needs and wish to proceed with the application process, a “deposit to hold” binder equal to a month’s rent would need to be collected at that time.