If you had reliable cap rate comps you'd realize the market cap rate is closer to 11% and if your turnkey company is trying to sell you at 8-8.5% then they are ripping you off.  

Being that it's an apartment building, I would guess there are a good amount of windows, and would make the price closer to 5000, and would be a 4-5 day job with a 3 man crew.  

I want $100 per door if I am getting 95%-100% financing (sounds ambitious I know) but If I am putting my own money down then I want to be closer to $200+ per door.

I have a client looking to grab a BEAUTIFUL piece of land for development because he can close as soon as zoning is done and the big guys want to wait 15 months until their current subdivisions are closer to finished.Proof of ability to close within 30 days of zoning/platting approval should look really enticing to a seller

Some things to think about as well, Repairs and Maintenance, Administrative/tax fees, contract service(snow and grass)  those can add up fast as well.Let us know how it goes Rick L.

In my case, it's one big open yard (until we get the dog yard finished), and the dog poop is right there where anyone might be walking--on the driveway, in the grass.

I would propose paying 50% toward principle and 50% toward interest from the very first payment, or something closer to 50%, at least.

So me and my mother, after years of talking about it, and now knowing we're going to get 3 to 4 grand to spend on it, we're now closer than ever to get our real estate investing game into gear. 

The Stream lineup looks like it has what I need, so I will look at them a little closer.  

Purchase price: 105,000Down payment: 25% ( 26,250)Interest Rate: 4.7%Tax $1,764Maint and repairs $1,500 (estimated, owner said it's closer to $1,000)Renters pay all utilities and take care of grass.I'll be self managing itBoth units are 2br/1ba.