You have to make the bet that you might do well, break even, or have a big loss.If a buyer has limited funds and net worth they do not need to get sucked in by the potential of high cash flow and landing nice tenants that pay on time and take care of the place with low income type properties.Think of this.Someone buys a piece of junk and hopes the building doesn't fall apart and the tenant pays on time so they can cash flow 200 to 300 a month based on current market rents for that product type.So 2,400 to 3,600 a year if everything goes perfectly with no surprises.

We found out the bank will be doing some inspection work on the property, so we're hoping to get more information on the extent of the remediation needed. 

Clients have been able to significantly lower their living expenses by leaving their high-rent apartments for 2-4 unit properties in lower priced areas.There is some meat left on the bone depending on what your goals are.I'll shoot you a colleague request and maybe we can connect soon.Best of luck to you!

-Do you require an inspection prior to closing the loan?

It's right next door to my apartment complex and it's in horrible shape in a run down rural neighborhood.

View reportHello,I've owned a few small multi family apartments and my primary single family for years. 

Hello Bigger Pockets member!  Any recommendation for home inspectors in the Metro Atlanta Area? I appreciate your help.

I just got an apartment style duplex under contract two hours ago.

In the master agreement there are things like what constitutes a walk off from the job, if something fails city inspection, if work is done incorrectly or with poor craftsmanship, when and how ill pay and so forth.

If you do a rental property search for the whole city of Miami you will not find one 2/1 bathroom “house” (not apartment/condo/townhome) for rent under 1300.