Hi Kevin,When I'm appraising I won't make an adjustment for 'age'.

Also, I'm wondering if people have thoughts about the benefit of owning the units as a block from a wholesaling perspective, or from a buy and hold position, etc.

There are also some benefits for both owner and tenant.

Most of them have very high HOA dues (if they're a good complex in a good area and they take care of the place)and you never know when you might get hit with an assessment that may not even benefit from whatever the work is that's being done.Best of luck!

Each office is independently owned and operated.Your broker assumes some responsibility for your actions and that is why some will oppose you spending all of your time doing things that don't benefit their business.

For me, this would take a new options account at a specialist broker, but I'm calculating out the benefits of this "pure play" hedging index, vs the effort.As to the amount/cost of the hedge, I agree that you're mainly trying to avoid a loss if a market bubble hits or you're stuck with an unpurchased/unrented home for some time.

They are the ones that know what banks are doing deals and they love referring business because it benefits them on the back end when they do the title work.

But when you spread your risk over several properties and follow good systems to minimize your risk, you achieve the benefits of diversifying like what's often mentioned in other types of investments.

Plus, I have the benefit of having super-stable tennants that are professional, clean, work for P&G mostly, etc.

Jumping into an apartment complex without some experience under your belt may be very profitable, but you will lack the fine tuned skills that may handicap your returns while you adjust to the learning curve.Zillow's zestimate can be good too.