Purchase price: $5,200,000 Cash invested: $825,000 Sale price: $11,450,00048 unit apartment complex that we rezoned to condos and sold each unit individuallyOur group was 1) Those bringing a skill or trade to the project2) Those bringing only moneyOne key was being grandfathered from the parking requirement per unit.

I've been looking for turnkeys myself and with an agent but nothing is seeming to meet the minimum cash flow requirements and there are a couple of 8-20 unit complexes in the area that I like that do seem to make sense in the immediate future and I am confident I could piece together a few other investors to complete the picture. 

I research a particular complex as that is a closer match than just any vacation rental in a general area.

When one investor owns more than 10% of all units, the complex is non-warrantable.

Hey guys,I came across this off market 18 unity apartment complex.

The beauty is that it is easy to find out if a particular condo complex allows for short term rentals.

Hello,   I am currently under contract on a 16 unit apartment complex and looking for a inspection company. 

It’s like they were flipping the apartment complex and want top dollar for it.

@Jacob MuenchI invest with an operator that now has two complexes in Lexington, Kentucky.

@Nguyen Quach I would contact the realtor you bought it from or if there’s any other places for sale in that complex ask the realtor selling those and if that doesn’t work then reach out to a neighbor in the building.