Unless it is a new build, and it comes with purchase warranties are an extra cost and may or may not even be executed when needed depending on the circumstances. 

-Build a strong network in Detroit of real humans over a period of months, buy a better deal, hold it for 10+ years, weather early storms:  better chance for success.Even on that latter deal though, are you going to cash flow in month 1 or year 1 or even year 5? 

Typically, we see anywhere from $600 to over $1000 per unit (maintenance and turn costs)  depending on these factors. 

That can get you some money up front to continue to build your portfolio and it takes you out of being a landloard and puts you into the position of being the bank instead. 

The options are, demo the lot, split the lot and then sell 2 lots to the builder or build myself.

Quote from @Victor Yang: Hello all,I am looking to buy an apartment building.

What a great start to building wealth!

The process to build everything out for clients takes longer then anticipated, but once done they're great sites with software to help manage marketing.

Meaning you can sell an apartment and purchase an office building and it's a valid exchange. 

Since the payment was deposited into your account on 1/6/2025, it would typically be considered income for 2025, even though the tenant paid it on 12/31/2024.However, if you use cash-basis accounting (which most landlords do), the key factor is when you physically receive the money, not when it was sent or owed.