They will be snobby about the neighborhood and wouldn't do the loan if it wasn't a nice area, and only on 1950 or newer properties, but you don't have to be a Texan to get this loan on a Texas apartment building, so they're picky about the property.

My guess is because new and improved buildings have been built?

The long game the appreciation is where you will be building more wealth than a 500 or 1000 per month cash flow. 

While shopping for a small multi-family building (3 or 4 units), I would like to get an inspection of the building to get an estimate of repair costs if any problems are found (foundation, roof, electrical, plumbing, heating). 

I know there is a lot of variance, but what would be a good baseline threshold number to compare quotes for building a 5/5 house in Atlanta GA with average finishes nothing fancy?

Thank you for your insights and for pointing me to resources that should be reviewed so I can build a model in Excel to evaluate this decision. 

It can be found in the “build your team” tab on Bigger Pockets.

Total cost including acquisition price of $2.35m.I believe we will be able to create a total of 20-30 units in this building. 

I am looking to do some conversions from SFH to duplex on a couple properties and build relationships for future BRRRR opportunities!

I am seriously considering taking $150k of it and buying 3 new builds $50k down as rentals in somewhere like a Houston TX subburb, Wichita Falls TX, Oklahoma City OK, or Kansas City, MO.