Paul in the 60's. my grandmother has been living in it since it was built but she has reached the age where she cant live alone and everything is falling apart in that house, so she moved in with my uncle.

 From what started with a mere $28,000 single family home just two years ago has now grown into a portfolio of 40 rental units. Shortly after moving back to Indianapolis where I grew up, I began shopping for inexpensi...

Also, keep in mind that HOA dues seem to only increase in costs even when the value of the complex is going down due to age and other factors.You can buy condos here in AZ for under $200k in Scottsdale, but the HOA dues are over $1000/month!!

Mostly from my salary, but I also own two SFH which I rent for $1300/month each with mortgages of around $800/month, including taxes and insurance.My goal is to retire by the age of 35 and focus my energy on either owning an apartment complex or commercial real estate.

Same equal opportunity housing laws apply - cant discriminate based on age, race, disability, religion, family size, etc.. so technically all those ads saying ‘Room for Rent - perfect for college student/ one person/(or other caterings) are ‘illegal’ and can be considered discriminatory..BUT those ads are very common and it’s unlikely anyone would pursue reporting ... nevertheless, you could be opening yourself up for potential legal consequences so I just keep my ads/posts very generic and objective stuff about the room/house, etc.Buttttt, one good thing owner occupied properties, you CAN advertise & select a tenant based on Gender!

Just be aware that Price per square foot is not a reliable way to estimate value unless you are comparing condos in the same building or identical model homes in a subdivision.Too many other factors like age, lot size, etc throw off the PPSF calculations in most scenarios.

If I spend that much time on each deal it will take ages and I’m not even sure I will understand all nuances  How have new people approached their first syndicate investment. 

@Johnny Dang I own a few very similar buildings in age, size, layout and rents and have sold 3 of them as an agent also.

But I would like to know LTV, age, closet relatives etc. 

When I was a cook I remember listening to some middle age waitress telling me about each new beanie baby she purchased and how much it would be worth someday.