Not only do you have a university in Wolfville, but you have a large demographic of retirees selling their city homes and moving to the valley.

My wife would surely make me move if she had to deal with the large water bugs, giant crickets, and scorpions!

It sounds like around $10-13k for rehab to me ($2500 paint, $2000 countertops, $1500 appliances, $4000 flooring, then the misc. like fixtures, fans, roof tiles etc)That puts it around an 83% or so deal which isn't terrible for Phoenix if it's cosmetic only in an area with low DOM, but there won't be a very large spread.

There's been a lot of co-working space coming online but we need to land a few large biotech type tenants down there so it becomes more of a "live, work, play" environment downtown.

And also the firms I found seemed a little large and their homepage spoke of million dollar holdings so would my 20k be enough to get a call bk? 

How large of a project is it?

Calculate that expenses are likely to be higher, revenue likely to be lower).Value for 1-4plexes is largely determined by sold comps, not by commercial market cap rate.

On a grading scale from A-D, I would consider that neighborhood class C.

The few multifamily units in the 37122 zip code are located north of I-40 except a couple large (100+) new construction multifamily located in the Providence neighborhood immediately south of I-40. 

Every time I hear people complain about getting an very large "assessment" from the HOA, it is because they bought a unit with a poorly managed and underfunded HOA.