We didn't look at condos recently because of the high fees and risk involved but we do own condos in Wisconsin that do well.

All of the third party providers involved in the transaction have the responsibility of making known any part of the transaction that has been misrepresented once the misrepresentation becomes known to them. 

The Team Leader at the local level will be your best resource for all the details involved with being a part of the Keller family.

I’ve also done the “do it yourself” method out of state, so I can compare the two different routes.

Our rentals include older homes with hand-done plaster textures that are hard to replicate when patching.We are in our first round of renters so time will tell if this is a good method or not.  

I’ve been involved with real estate for quite a bit of time.

These lines require the involvement of a commercial lender but can make sense.  

This thread has been incredibly helpful as I've been trying to understand all that is involved in valuing an apartment.

You're just paying with pre-tax dollars rather than after tax dollars.Further, there are costs involved with buying and HUGE costs involved with selling.Don't fall for the BS the real estate industry puts out. 

FHLB 5 year rate is 3.08+2.25 spread (YMMV but it will be similar method of computing rate) so at least 5.4% I'd bake in 6 to be safe as these can take a while to close.loan fees--call it 12KClosing costs will be a lot more than 3K--you need an appraisal at least at 1500 and maybe more, you will need the partnership agreement drafted (welcome to lawyer land!)