But over time, this market has enough jobs and enough people in the rental market that it'll reach an equilibrium and vacancies shouldn't be a substantial issue even for buildings with similar rents.In essence, there isn't an answer we can give you except to know the market youre looking to buy in, and determine how X number of units in X property class will impact you.Smaller markets will obviously have more significant impacts if a new, large building is built.Hope that helps.

There are some exceptions to this but no need to go off topic here.

There are exceptions to almost every rule.  

It's basic addition/subtraction, with the exception of how to amortize a loan to find the loan amount, but you can look that up online.For reading I'd suggest some or all of the following:-Rich Dad Poor Dad (Not really a -Cash Flow Forever-The Millionaire Real Estate Investor-The 4 hour work week

Not much to report except that we are basically done with demo. 2nd dumpster arrived today and so whatever couldn't fit in the 1st dumpster will go in there.  

My first deal on US soil was exactly what you're doing, except on a SFR.What rate is the seller giving you, if I may ask?

I have found that tenants who are willing to pay the higher prices, are often the better tenants.I suppose that your question will depend on how strong the rental market is... my rental market is very strong, and I don't ever list properties for under market price.The only exception is when a lease comes up for renewal.

@Joshua Meyers, I envy your position, but I won't say much about your specific question except: Don't.

You have to realize that NO ONE is going to take you to the finish line except yourself!!!

Mindy, or "Mindy J" as I call her (it's her rap name),  is an exceptionally bright real estate investor, writer, and superwoman who definitely knows her stuff.She's written several articles on the BiggerPockets Blog over the past year, as well as offering advice and feedback here on the Forums.