The complex was built in the late 1980s and now needs everything:  new asphalt, new roofs, exterior repairs and paint, new fencing, etc.  

Between my partner and I, we have managed our own properties and I managed a 4 unit condo complex.

I came across a apartment complex in Dallas area and did my learning exercise of cap rate. 

It was an apartment complex and one tenant decided to put up cameras (without telling the landlord).

Welcome @Kamlesh Thakkar to the BP community.I see from your profile that you are interested in apartment complexes, etc.

Can someone tell me what it means to refinance a house or an apartment complex ?

It is not the same complex we live in, but right down the road.

You may also want to hire a painter (depending on the amount needed and the complexity of the space).

I asked a neighbor within the complex how much she purchased hers for, and that purchase price was also correct on Zillow.  

My most recent is a 276 unit apartment complex, came from a broker relationship.The next one behind that was a SFR from online auction.The three previous are all SFR from auctions on the courthouse steps.Those three channels are where most of my deal flow comes from with wholesalers and MLS rounding out a minority.