We've purchased many apartment buildings all over Louisiana and the most shocking expense to make sure you underwrite sufficiently for is insurance.

Then I ended up writing a book on multifamily investing, and told my wife I was in apartments for life (she was tired of all the restarts over the years!).  

I see a lot of people with experience in mobile home park investing on here, and hoping someone wants to give their $0.02.I am in Austin, TX, and like many other places seeing explosive growth and prices driven sky high, 50-100k over asking for SF homes etc.

more than happy to talk over strategy and possibly help you find a different lender who can make this better for you.

Going over your numbers, have you considered a long term rental instead?

I am certain the STR market in area will see significant growth over the next several years and soon could be the right time to purchase.

Then there is an entrance from the back that leads you into the kitchen, plus you can enter from the main entrance in the front that has stairs that lead you to the other end of the apartment.Yes, you make valid points; it might never happen but you never know what could happen in the future, so it's something I also need to think about.My previous tenant that was living there, was there for 20+ years and never had a complaint about the heating/cooling with her; so hopefully this continues with the next tenant. 

He says the son is going to a local private school for the semester and when the semester is over the aunt is going back to china.

I have an option to take over owner carried financing of the building  that the previous owner has set up with the owner before them.

Then 3rd day adjuster visited and later provided estimates of $2.3k that was somewhat I was ok with and meanwhile one dehumidifiers and 4/5 fans were continuously running in basement so far 5 days passed .