And I think its gonna get worse before it gets better.However - I think this all bears really well for landlords and those who can hold notes for those who can no longer buy from the bank.

After all you guys are always saying treat RE as if it is a business what company stays open long with bad credit look at Bear Sterns....oooow

With one $400K ppty versus 10 $40K ppties (I know the latter doesn't exist in your market, but bear with me a moment), you run the risk of 100% vacancy versus 10% vacancy when ONE PPTY is empty.More info needed.all cash

Hello, completely new to the forum, so please bear with me, I am hoping that I will find some good advice here.I got lucky a few years back and got a small windfall.

Those are probably load bearing walls in the corridor.

This may be a long post so please bear with me and ask questions if needed to clarify anything I have not explained clearly.

Define who your target audience is going to be. Are

My first year in brokerage I was paid $30,000 and then I had $22,000 in expenses.I hopes this helps, bear in mind all my advice is based out of a different country.

Now here is the bigger my motivation...the current rents are currently under market by $75 each unit, so I do want to get in sooner than later to start making repairs to help justify increasing rents ASAP.If your primary motivation is to get higher rent per unit, then your compass would lead you to clear the units, renovate and go for what the market will bear.

Just remember, the list price has no bearing on what the bank will accept.