The markets here are great for rentals especially near a military base.

Assuming both are selling for $1 million, then this means you have to assess whether the 15-unit apartment is truly valued at this based on cap rate and NOI.

I did that based on the advice of a friend that does evictions.There is ZERO downside..... if people want to leave, they leave regardless of the lease terms..... and that warm fuzzy feeling of a long term lease is an illusion... you are not likely to see a dime of the remaining lease if they bail.On the flip I can get rid of them WAY faster at any time I decide....

I have been investing in the US for over 10 years based in Victoria AU. 

Don't expect to find a sub-contractor base who requires no deposits (this is rare in the price point of this example).Now fast forward to when the project is stabilized.

Again, sounds like an obvious statement, but not necessarily so obvious to someone from San Diego, based on the track record of heart attacks mentioned previously. :)Assuming you can time it: Winter or early spring is the ideal "buy season."

First off, I’d like to say, I appreciate being allowed in the group. I have several ideas and one I’ve kicked around for a long time for growth and strategy of being able to eventually cover the state of Kentucky. I a...

I would basically double all of these numbers based on todays pricing THe cost of labor and materials has changed dramatically.

Biggest operational challenge is likely based on how experienced you currently are.

I am based to Tampa Florida, recently purchased my first property in Tampa.