I'm willing to carry the second because I will net so much from the sale.Rental value of each unit is about 700 with 155 in dues; taxes and insurance are negligible; allowing for vacancy, management, and reserve fund, and debt service, I net about 150 per month per unit.The bigger question: should I sell with that much gain and 1031 it into, say, a commercial building or a larger apartment complex, or should I hold?  

I live several hours away and the property is managed by a group that works out of the condo complex.

Condo rental often face a lot of competitions from big corporate apartment complexes where things are done for cheaper and the amenities are way better.

30% of my funds held for final punch is ridiculous even my government contracts only hold 5-10% depending on the "complexity" of the job, and it is released 30 days after they give me the notice of completion.  

We currently manage 1-4 unit complexes and would like to expand our scope into the HOA realm.

Just wanted to share this off-market 15-unit apartment complex deal and get some more ideas. 

I know it's difficult to see for many who don't live here, but for those that do, take a look as all of the 2 and 3 story small to mid-size buildings are acquired by national developers and torn down for 10-12 story luxury condo complexes.  

I'm looking at buying another apartment complex in the southern Wisconsin area for between $500k - $1M. 

What condo complex or complexes are you looking at in particular?

I am looking into a multi-family complex in my area.