But expect to get 7%-10% organic appreciation every year to get a CoC of 25-30%.

By taking steps to increase your current cash flow, you may be able to build up your capital and potentially consider expanding your portfolio in the future when the numbers are more favorable.Ultimately, it's important to carefully weigh the risks and benefits of any investment decision and consider all potential outcomes before moving forward.

I interviewed some property management companies in the new year, and like you would expect, most are just basic intro conversations, etc.

Typically, during inspections of occupied homes, tenants/owners will not expect or want their stuff to be moved all over the place to examine every inch of the property.

My first thought is use this time to understand the quality of living that your future tenants will inherent if they rent from you. 

The issue is the building has a special assessment on it where 25k is paid this year (by the seller) and another 25k will need to be paid in the near future tbd (by the buyer).

Hey Jackie, Condos may be a better fit considering your initial investment goals and future plans for building a long-term rental portfolio.

@Tom Puiia if you're only engaged for tax prep service with your current CPA, that may be why your expectations are not aligned with the service you're receiving.

But they are willing to do this deal, because they are willing to be cash flow negative for a while in exchange for the future gains. 

Section 8 tenants do not expect those upgrades and will not care for those upgrades.