I planned on using FHA for an house that need a little rehab also I am in Delaware I have some cash saved up and decent credit !

Any advice on how aggressive to get with # units and market areas for an apartment building?

Don't forget to include a vacancy rate (I like to use between 3-5%) and a maintenance reserve to cover things like paint, appliance repairs, etc.If the property pays for all of your expenses to hold and doesn't run you negative, it's never a bad property to look at analyzing further and how other areas compare.Purchasing properties where it is negative cashflow forces you to hope for appreciation in order to make any decent returns.

Can you paint and seal sub floor just to look decent for new buyer in all other areas?

Any suggestions/ advice from those who does a decent amount of cold calls as their lead generation strategy.

I've met a decent number of other investors and Property Mgmt groups over the last year in my focal areas (Indianapolis/Zionsville/Anderson) that have expressed having disposable capital but not enough inventory, and would be open to receiving deals if the numbers make sense.

Share your listing on Craigslist, Facebook, BP, and everywhere else possible.If it's a decent deal, competitively priced, etc. you should receive multiple offers. 

hello BP, just wondering, what would be a aggressive offer on a MF property that’s been on the market for 242 days..

5% Vacancy also might be aggressive, you're assuming your PM can get a property turned around in 2-3 weeks.

I have a decent amount of equity in my properties but I have only had my LLC for less than a year so I do not show much history as far as income yet.