I am an Limited partner of 5 Apartment syndications.

The lead came through one of our absentee equity mailing lists, and after meeting with him, we locked up the deal.

I used it primarily because I love the formatting and depth of info the background checks.

I know the actual cost can vary by location, property type, and provider, but I'm wondering if anyone has a solid set of rule of thumb they use when crunching numbers for a quick analysis?

What’s your biggest question or concern about diving into the market here?

As you know, the market it high at the moment.

Those buyers ended up backing out during the due diligence period.

Is there really no capital gains tax on the sale of real estate in Washington state??

We are concerned that the smoking/smell will turn off prospects as well as the extra cost of cleaning up areas after smokers move out.The building is in Illinois. 

Otherwise, its all about the owner and a minimum threshold for rental potential.