Good locationsAdd valueCash flowLong term debtReservesWorks for all market cycles.Buy in locations where the risk of not being able to pay the mortgage for extended periods of time is zero.

Brandon Greenberg has been hired to specialize in helping long distance investors locate properties and acquire them and I have nothing but positive things to say about my dealing with them so far.

I am thinking of investing in a syndication that is buying a 157 unit apartment project located at 3117 S 192nd St. in SeaTac, WA 98188.It appears the property last sold in 2015 for $1.8Mn….the syndicators now plan to buy this property at a price that is about 60% higher and around 10.8X trailing 12 months gross rental income or 9.7X gross income projected over the next 12 months.They plan to renovate the units and increase gross rental income by 11-13% in each of the next two years and then level off at 3% annual rental growth thereafter.

I am thinking of investing in a syndication that is buying a 157 unit apartment project located at 3117 S 192nd St. in SeaTac, WA 98188.It appears the property last sold in 2015 for $1.8Mn….the syndicators now plan to buy this property at a price that is about 60% higher and around 10.8X trailing 12 months gross rental income or 9.7X gross income projected over the next 12 months.They plan to renovate the units and increase gross rental income by 11-13% in each of the next two years and then level off at 3% annual rental growth thereafter.

In addition to storage containers (which can be costly to have delivered depending upon where you are located) there are a few companies that actualy make a "portable" single storage building that are shipped flat and you tilt up the walls and have a rentalable "no building permit and no tax hit" unit ready to rent in a couple of hours.

It's located downtown in the City of Las Vegas (which MIGHT be able to be made into a vacation rental, more research is required).

I lived in AZ for a number of years and know that market very well, and its market is also promising, especially in the location i am looking at.

Where are you located

The best and most accurate way is to have a realtor pull comps for you.The next best way is to look up recent sales on Realtor.com, Redfin, Zillow, etc.Make sure you look for properties that are similar in size, condition, location ,etc.You want the properties you're using as comps to be as similar to your property as possible.The best comps to use will be the CLOSED sales within the past 12 months.

The house is in a great location,   and it can be lived in as is, although it needs a ton of work.