That property was a 44 units complex, all two bedrooms two bathrooms.

(ROE) = (Annual Net Income/Equity) maybe the formula is more complex but I think you get the idea.

Sincerely, Singh 15 days is really 11 days by the time your lender gets everything needed to really get going (you're losing a day here on the internet, for example, and then you're going to lose another day b/c your LO will ask you for "bank statements" and you will upload a cell phone screenshot, and then you will lose 2 days when there's a typo on your insurance that the insurance agent takes two days to fix, and so on). 11 days is unrealistic for a complex investor scenario. 18 or 20 (which is really more like 14 to 16) is realistic if you find a fast lender, and then (in CA at least) the 'notice to perform' buys you another 3 days.

Tenant improvements can be great, but the tenant trying to put you in that complex proposal for however they are valuing the flooring sounds like a potential mess.

I went straight to apartment complexes.

I developed a complex system for vetting deals that uses a version of the 70% rule, the 1% rent to price rule (my number is 1.3%) and uses as much leverage as possible.

Comprised of a few 3-story apartment complexes and a couple dozen attached SFH.

When you buy an under market value apartment complex with tenants currently occupying, how do you go about renovations with them living there?

I have an apartment complex that I own that is 2.2 miles away that 2/1 are renting for 995 per month (plus utilities and laundry fees).

Transferring property into an LLC may be very simple or complex depending on the county/state.