What makes the deal a little more complex is that 2 properties are SFH, 1 property is a commercial building, 1 property is a MFH, last one is a vacant lot. 4 properties are in a row and the last one is on the other side of the street (L) shape.

For example, think of a "mirror-like" duplex, but remove the range from the one of the "kitchens" (still have a fridge and sink in both "kitchens"), and add a door that connects the two units, that way you can say that it's still a part of your house.

What makes the deal a little more complex is that 2 properties are SFH, 1 property is a commercial building, 1 property is a MFH, last one is a vacant lot. 4 properties are in a row and the last one is on the other side of the street (L) shape.

What makes the deal a little more complex is that 2 properties are SFH, 1 property is a commercial building, 1 property is a MFH, last one is a vacant lot. 4 properties are in a row and the last one is on the other side of the street (L) shape.

On a per unit basis its easier to explain... if you can tie the individual apartment unit remodels to expiring leases then you may have a path to reducing your mortgage (by increasing your rental income).

Make sure you introduce yourself to a few people every week to grow your network.I'm with @Ryan Swan on the cashflow challenge with small size real estate and would recommend scaling even higher right from the get-go since the numbers don't work very well in our experience before you hit the min. 65 unit mark (been there, done that).Send me a PM should you be interested in learning by doing mid-size multifamily apartment investing.

I have several apartment buildings and I am constantly jerked around by our dumpster providers, Rumpke and Republic. 

Post your deal analysis on the forums and members will pick them apart and/or confirm them. 

I believe the 1.3M was assigned something like 800K in land value and 500K in re-design and physical improvement cost (we had an approved but not yet built 45 unit apartment addition to the existing 135 units which required design revisions).

I will soon own a former chiropractic clinic that as the potential to have 7 or 8 bedrooms plus a 2 bedroom apartment on the lower level.