It is close to a large new apt or condo complex.

We can also discuss that in many of the NE Ohio suburbs we have a Point of  Sale (POS) municipal assumption violation list, this list must be assumed by the new owner that you will correct al the violations defined in that city report, you will need to place 150% of that repair violation list into escrow with the city, as you can see it is booming more and more complex.

I would like to build a portfolio of multi-family properties for passive income, preferably starting with some triplexes, quadplexes, or small apartment complexes before purchasing large apartment complexes (50 units or more).

I just purchased (5) smaller complexes in Texas and am in the process of removing old carpets and going to 100% vinyl plank for about $2/sq foot installed. 

As Eric mentioned above, you are confusing Dave Lindahl with Fortune Builders.Lindahl is focused on multi-family properties (apartment buildings/complexes) and he is the only national coach I have experience with who I would recommend. 

I agree the rate is low but most complexes in that area (and there are a huge amount are the smaller mom and pop setups with 20 or fewer units) would not be members of the Apartment Association of Metro Denver.

I live in Brush Park and there are some great things happening here in terms of new businesses & apartment complexes that will begin construction by the end of this year.

police patrol and pm security in complex to show change and keep rif raf out.new marketing and face lift and landscaping.property stabilizes with occupancy and rent increasespurchase and rehab costs 1 million.  

There are 3 condos in my current complex for sale ranging from $225k - $240k.

Running a full-rehab estimate takes me a couple hours for the visit (drive time + onsite), plus anywhere from 2 to 10 hours, depending on complexity, to write it up.