If the complex isn't managed well, you could end up having to pay for cap ex items that need replaced, if the HOA doesn't have the money for it.I would also make sure their by laws allow for renting.

Lol @Gordon Cuffe great to hear, it's in the  64138 near the Cerner complex.

There are many benefits to using this loan and we will list those below- however please keep in mind that a licensed mortgage originator in your state should do a full analysis to see which renovation product is right for you and your family.Here are some highlights of the Fannie Mae Homestyle Renovation Mortgage: Perform almost any type of improvement or repair including luxury itemsImprovements and repairs can go up to 50% of the after improved valuePrimary residences, second homes and investment propertiesOne- to four-unit homes, condominiums, and PUDS30 year fixed rate mortgagesAs little as 5% downNo mortgage insurance for loans with 20% equityReduced mortgage insurance for loans with less than 20% equity versus a 203kHigh balance loans depending on your countyAdditions and second levelsSwimming poolExterior spa or saunaBuilt in BBQ island and outdoor kitchenBuilt in outdoor fireplaceTennis courtsGeneratorand really anything else you can think of!

Bigger names like CBRE, Cushman and Wakefield, JLL, etc. usually win the listing contracts for large commercial complexes (office buildings) where a single lease can make you $50-100k.

It is located in the garage of a condominium complex.

Hi @Micah Bell, I recently purchased an apartment complex in Memphis that came with an existing contract for laundry services.  

This results in larger complexes plus higher prices with lower returns.

Perhaps I'm putting the cart before the horse here because we just went under contract...We just went under contract for a 24 unit apartment complex, six units in each of the four buildings.  

I guess, I need to make sure the seller will be able to work with dollar currency and accept transfer of payments from USA.I will be calling those apartment complexes this week to find out,Thank you

Hi,I am a real estate investor located in the Syracuse, NY area looking to network with others regarding multifamily housing and apartment complexes.