Also, for several blocks, there is nothing but small apartment complexes.So, the demand for the area is probably pretty low with all the competition and the complex is pretty tired looking from the outside, so I would imagine there are some pretty big repair expenses waiting.

A lot of the apartment complexes in my area will only do my reference check if I fax them a consent form signed by the applicant(s), so I've created a form specifically for this as part of my application.

"Warrantable" condos, which I believe is the term for condos banks will loan money on because they are conforming loans, require owner occupant rates, vacancy rates, complex has to be completely built out, etc...

I am a new investor and have two properties (3/2 SFR in middle class neighborhood and a 2/1 1/2 duplex in low income neighborhood) in the Lafayette, LA metro area.I am interested in apartment complexes because of the cashflow and not having to deal with 100% vacancies.I came across a 10 plex for sale (C property)in a small town about 25 minutes away.

I also looked up the code:8-904.2.2 Ground fault circuit interrupter (GFCI) protectedreceptacles shall be installed where replacements are madeat receptacle outlets that are required to be so protected bythe regular code in effect at the time of replacement.I do think its a good idea to get you buildings up to code in order to minimize risks of liability down the road.On similar note, we have some old apartment complexes that have ungrounded electrical outlets (missing 3rd hole) that are operating.

A local HVAC contractor had installed 107 furnaces in a condo complex 5 years ago.

But, there is a whole discipline of mathematics that deals with determining whether those things that seem to make sense really do, as our common sense often fails us (without complex math, common sense would still tell us that the sun revolves around the earth!).

Typical homes build in the 40's to house "Arsenal of Democracy" workers at the nearby Willow Run industrial Complex during WWII. 3/1, 1000 sf, basement.

I believe that I can purchase 3 different 4 unit apartment complexes for 150K each.

She was section 8 and living in a small one bedroom apartment in a large complex.