Now, my partner and I only invest for ourselves.Invest in a 250-unit apartment sounds cool, but you're talking about 100-unit turnover per year with 5% vacancy assuming each unit takes 1.5 months to rehab, marketing and lease up.

My friends I talked to after he visited said his estimates were high and all I needed was to put lipstick on a pig to make it rentable.

I've talked to a couple tax professionals since then and been told that that boat has already sailed.  

You have actually been talking with my husband @Matthew Hipp recently.

Thanks Josh Caldwell and Albert Bui I talked to couple of loan agents and they all said I don't qualify for a conventional if I am self employed without 1 full yr of tax return even though I had solid full time work history of 10+yrs with no gaps in employment.

In the past, I've talked to a few banks and I went "through the process" with 1 bank that had the best numbers up front.  

He did mine and did a great job--efficient, fair priced, knew what he was talking about, and didnt play any of the seller's agent games. 

I am pretty sure that you are talking about paying $100,000 which is worth $100,000 - perhaps less, so no in-place equity.

Would you go to court on eviction day and try to talk to pro se landlords/ property owners about selling?

A recent article in the Arizona Daily Star talks about the substantial investment potential and recent radical growth in neighborhoods near Downtown Tucson.