If the 16 unit complex is cash flowing the same as the 16 units comprised of quads, but the 16 unit apartment complex is half the cost, it sounds like the half cost option is far better. 

Feel free to reach out to me directly if you have any other questions or if you would like to discuss.

The rehab costs are anywhere from $60k-$80k.

Where as some old park in the deep south , Well is not if you know what I mean.I have a client I did bizz with years ago.. and they owned 5k spaces in Orange county Ca ( all of them debt free) they were brothers and started buying in the early 50s..

Emphasize that your offer reflects the necessary repairs and the costs associated with fixing up the property.

That’s definitely the ideal scenario that I was concocting in my head to convince myself to give them a shot, but without them showing much interest in submitting a more formal application I opted to deny the request.

They work well for mom and pop sellers that are free of a mortgage and are looking to retire on the cash flow. 

Feel free to reach out anytime with any questions about the process ! 

Feel free to reach out to me directly if you have any other questions.

Long distance investing can have more costs than investing closer to home in CA.