I'm in the process of hiring a new PM company for our 30 unit complex.

I have been looking for new modern designs for multifamily complex, does anyone know / dealt with an architect in El paso Tx or Las Cruces, NM with positive experience ?

Chris, there is a big difference in financing a duplex versus financing a small apartment complex.

@Guy Primo where in RI is it, when was the condo complex built and what’s the beds/baths/sqft of the unit?

With all of that complexity, how would you even know how much to charge the tenant in this scenario

No traditional REI invests near as much time into marketing, market research, renovation costs, network building, dealing with complex title issues then that of a HV wholesaler. 

New flooring, new kitchen with quartz countertops, new bathroom with new plumbing, added in unit washer and dryer, added better than standard rehab kitchen appliances, converted the place to 200amps from original 100 amps, new plumbing and pipes, etc.The house has appreciated to about 220,000 in value comparing it to other similar properties that recently sold in the complex.

My offer is on a 13 unit apartment complex.

My vacation rental is located in Hawaii so they have been dealing with home sharing and tourism long before Airbnb and VRBO were born.I also bought my place in a dedicated resort area where condo complexes were built with vacation rentals at the forefront. 

I understand buying older buildings and converting them to condominiums, I understand buying underpriced properties but why do people invest in market rate condos with negative cash flow?