Maintenance will dramatically depend on the existing condition of the property.

You could try offering incentives to boost sales.

Indy is a large market though 2 plus million.. and for me personally I would love to see Americans come back into home ownershipI guess in a way in the areas were I am funding this is happening... but those that owned the rentals have seen dramatic appreciation and or the ability to do a retail rehab and get a FULL retail price from a homeowner.. 

This was touched on above, but I think it is worth its own mention:He KNOWS he has neglected the building and is probably playing chicken with how long can he hold it and pull in the rents without addressing the issues vs. it all falling apart on him and needing to eat the costs or sell for dramatically less.Excited to see how it turns out for you!

Post it there, and then boost your post to your targeted demographic.Regarding rental rates, rentometer and zillow are public ones.  

Hey @James Masotti you forgot to addOther$ 1,612.00That will boost you a little.....I agree with Troy regarding 8% being a good cap.

It could hurt or be a nice boost to those savers.Makes me think reducing personal debt is a good thing.

The price drop is dramatic, but the rent decrease is almost non existant.

With that said, I don’t believe we will see dramatic changes in the economy before December due to the upcoming elections, so you probably have time to get out while you can.

I live in a so called "cashflow market" (Milwaukee) and have always made a lot more on equity than on cash flow, even before the last 3 years.But I also know investors who have grown and managed a portfolio "city cash flow properties" for decades and have almost nothing to show for - because capex exceeded cash flow.High appreciation markets are also risky to invest - while I feel very strongly about that market not going to crash as a whole, I am not so sure if markets like TX will not come under pressure after the exuberant gains of the last years.The Midwest is the only region left with an affordability index over 100 (median family can afford a median home), so just like communicating vessels in physics we may see a market rebalancing, where remote workers will move to where living expenses are affordable (not only housing) and boom markets will see an adjustment (not a crash).And even if you are an apartment syndicator, you need cash flow to boost NOI - there is just no way around it.