One thing I have had success with is building relationships with groups of students, whether that be delivering them pizza as thanks for letting me show their apartment and talking for a few minutes or consistently treating them well and meeting their expectations. 

Investing is all about consistency and rather very hard to time the market.

I have personally been buying multi's consistently, and have customers who have been doing the same where I do not believe that they overpaid when reviewing the details and terms of their deals.  

Since finding this site, I’ve been consistently reading the blogs and listening to past podcast episodes.

I don't know what the WI AR consists of, but I'm assuming it cannot be that daunting a task to complete on one's own.What does the annual report consist of?

These kind of deals do happen, but not consistently, and not in all markets. 

Sale Price: $4,950,000NOI: $567,000Number of Units: 238Gross Rent Multiplier: 3.2Cap Rate: 11.5%While I understand the tenants are all low-income and the building has a not so good reputation, can anyone provide some general feedback on this place?

Things are moving right along for me - consistency is the key.  

GRM (Gross Rent Multiplier) is one of the standard methods of appraisal, but the secret sauce is knowing the expected GRM for that type of property in that area.

. Ownership of a multifamily property consisting of more than four dwelling units. Joint or total ownership of a property that is held in the name of a corporation or S-corporation, even if the borrower is the owner of the corporation and the financing is in the name of the corporation or S-corporation. Ownership in a timeshare. Ownership of a vacant (residential) lot. Ownership of a property that is held in the name of an LLC or partnership where the borrower(s) have an individual or combined ownership in the LLC or partnership of less than 25% and the financing is in the name of the LLC or partnership. Ownership of a manufactured home on a leasehold estate not titled as real property (chattel lien on the home).