Investment Info:Large multi-family (5+ units) commercial investment investment in Bryan. 20-unit multi-family apartment complex.

In every case the appraiser used market rent multiplied by the number of units in the complex. but they almost always state that they will validate market rent with comparable market rent from a source other than me. 

It looks like a regular business complex with an industrial design inside.

History on the property ... back in 2004 this property was ran as a 200 unit apartment complex.

Purchase price: $1,265,000 Physically distressed 20 unit apartment complex with 90% occupancy.

A lot of the troops that rent from us don’t have dependents as we have mostly just apartment complexes and don’t have single family homes in our portfolio there.

I’ve been more and more interested in getting an Airbnb in an apartment complex.

Have done many cash-outs with some smaller 3-unit multis in Worcester, this is the first for a larger complex so I figured I'd put the feelers out there for any positive experiences with similar sized properties. 

For those who have purchased hotels or apartment complexes.

You might profit $25k on it if you are lucky so a 25% ROI get it done in 6 months and thats a 100% annual return Risk same as above. 3- buy 4 doors at market value via turnkey or just on the MLS less risk but still some. 4- buy into a syndication on a large apartment complex with several other investors. less risk overall but probably a little less return but still a good return.