I intend to work my current job still until (a) the money is really good as a broker or (b) I burn out.

If the headlines are mostly about bake sales and farmer's markets, it's probably a B- or A-class area. 

We chose apartment syndication over retail because of recession-resistant nature of B and C class value-add type projects.  

@Jim K. and @Peter B. you guys are hilarious..

B and L

Depending on the property configuration, I would take two different courses:  A) reconfigure the utilities - relocate hot water heater, shutoffs, etc. to be under your control or B) Negotiate with the adjoining owners to get a key. 

Originally posted by @Sam B.

The property is in a B area, but the city has plans to build the lightrail that will extend nearby in a few years. 

If you want to share the nearest cross streets or the address I can tell you more about the specific building and location.Regarding rent increases: my buildings are in class C+/B- locations and rent for $1100-1200/unit.

Central heat/cool, and currently gets $850 per month base rent, NNN lease where tenant pays (reimbursement) for property taxes and insurance.Lease Term: 10/1/17 – 9/30/2020Base Rent: $850/monthNNN Tenant Reimbursement to Landlord: $170/monthLandlord Annual Expenses: $1,020 water/sewer/garbage, $1036 property taxes, $506annual property insurance.Gross Annual Income: $12,240Annual Expenses: $2,562Net Annual Income: $9,678Zoning CMS Building Class B (Residential 3/1 Home)-Lease Term: Month to MonthRent: $1,100/monthGross Annual: $13,200Net Annual Income: $13,200 Combined GROSS ANNUAL INCOME: $25,440 Combined ANNUAL EXPENSES: $2,562 Combined NET ANNUAL INCOME: $22,878I have not looked at the property, based on pictures looks in good condition & would probably need an inspection report to see if there is anything major that needs to be done but after running the numbers factoring in all costs ( *considering this would be a cash purchase) the ROI would be around 9%.