Yeah you might have done better from a pure ROI perspective but you've accomplished some goals you had and learned a lot.And that's not a terrible rent:price ratio for PB.    

@David Goossens perspectives are on the mark too.  

From a time perspective they have 20 years to go until they could retire, I retired the day I started doing a job, that most would wait until after retirement to do.To me real estate has proven to be the ultimate form of job security, I cannot be downsized, I dont have to hang around 10 years to get a raise, I am not a pawn on the board of someone elses pocket book.

Jon,From my perspective, most of these apartment complexes are owned by people who made their money elsewhere and are fooled into buying these apartment buildings by realtors, investment advisors, and others who don't understand the business.

Think of it from the lenders perspective.

Good tenants like to rent clean, freshly painted apartments.

We'll add fresh flowers the AM of t he sale.

Try to educate, make your point by sharing a few new fresh ideas.

The numbers are good; it's not in a war-zone; and it has a fresh Section 8 inspection.Bottom line: Rental properties in the ghetto always look good on paper and almost always turn out to be a disaster in real life.That's ridiculous!

I have come across a deal with an investor that is looking to retire. He has a portfolio of about 15 bldgs from sfr's to 6 unit bldgs all in the same neighborhood, for a total of 35 rental units.They are not in the b...