A great building at a reasonable price popped up on the market the other day and by the time I called the agent they had multiple cash offers. 

This is completely my own opinion, but the reason there's not much to compare it to is because people who are renting are looking to live closer to Grand Rapids.

A good association will plan for necessary maintenance and repairs and try to keep any additional assessments to a reasonable level.

Here is some information on the property:Location: Valdosta, GA (Lowndes County) Year: 1980- 3bed/2bath- 1,252 sqft List Price: $84,500 Current rent $750/month Reason for selling: Owners are older and no longer want to manage property/ rent Other information: Property has been damaged due to tree falling on roof.

With good management 8% could be reasonable for 1 bedroom apartments.

Is there any specific reason why you went interest-only on your repayment?

cozy wouldn't take my other tenant's bank account for some reason, they do have a nice, intuitive interface.

Still plenty of opportunities out there, I think it is just starting to move toward a more reasonable balance between buyers and sellers.

Here are the options I'm currently booting around while I wait to close.1. sign all tenants who are currently under a month to month with a 3 month lease to let all my funds and the "new owner" feeling settle in with the tenantsa. update common areas like the halls, stairs, paint etc which will give "reason" to the upcoming rent raisesb. at the end of the 3 months raise the rents on those who need it most in hopes of either they leave or if they stay they're paying at least close to avg rents for the area if not the equivalent of the avg rents.c. as they move out update, raise the rents for the next tenants.2. 

But I don't like that for 2 reasons. 1) I like FULL control of who gets into my place.