Location: professionally managed condo high rise (50 floors). The HOA fee includes basic cable (amongst other things). The mgmt company hired and negotiated a cable provider to service the entire complex. Service is s...

I like the fact that you responded from both sides of the fence...here in Indianapolis,IN its the exact same thing property in areas that are bad without section 8 Tennant's... furthermore knowing where the renter is from will help narrow down possible bad apples...This is 2019 and they're folks with vouchers...

You're comparing apples and oranges (i.e. your own calculated cap rate vs the seller's 7.75 cap rate).  

With buildings you have to compare apples to apples.My 20 unit I own is 5 buildings of quad's.They are 30 years old in an A location.They are town home style when you walk in main level dining,kitchen,1/2 bath,living room,and the upstairs each has a master bedroom with a full bath about 1,200 sq ft in each unit.As tenants have told me they like it because it is more like a house feeling.They like the fact unlike an apartment complex where you have people below you,beside you,back of you,above you where you can hear everything.Also you can't control the tenant upstairs using a cheap hose on a washer/dryer and then having a huge water leak into your unit.There are advantages such as those properties typically have amenities etc.Does this building you are looking at have laundry on site,laundry in the unit,or does the tenant have to go to a coin laundry down the road to do clothes??

And, if I recall, the responses you've gotten in the past were all pretty good.With the myriad of ways to measure investment success, the unlimited number of specific investing situations (investments and investors) and the wide range of investment goals one might have, there's just no apples to apples comparison.

It does show one thing, the personality for tv is not the same for one that does flipping.

They know very well that it's actually 30% (and admit it on their website), but use an apples-to-oranges comparison to get a lower number and hope that most Americans are too stupid to notice (which, of course, they are).Let me explain (and see link to the info on their website below):Most taxes in this country are tax-exclusive.

I've seen two TV shows recently that talked about hoarders in apartments.

Also like AL Lowry says: If everyone is selling apples, sell oranges, or go to another area and sell apples.Actually sorry to hear this happened to you, you'll be better for this!

David DuongHi David,I have a pretty good perspective having worked with SunTrust the past 7 years and recently with a Correspondent Lender.I think as they say "it depends on the carpenter not the hammer"I know how SunTrust prices their rates - so when comparing apples to apples I can look at their wholesale rates and I can get one much better rates on my side now.