(Most new complexes are being built in secondary and tertiary markets.)Faster appreciation.

You MUST do a title search.You should read this: https://easytitlesearch.com/which-liens-survive-a-florida-foreclosure/It has great information, such as: "...judgment liens, unpaid homeowner association or condominium assessments, liens for city or county services, and even mechanic’s liens by unpaid contractors who started on their jobs prior to the mortgage lien’s recordation all could survive the foreclosure sale and become the new purchaser’s responsibility."

I found out that we could 1031 timber deeds.you want to talk about slick.land owner sells me a timber deed.. he 1031's the timber deed to an apartment complex or other income producing asset. we make the delta on the harvest costs and market price of the logs.. we replant for them.. and they get to keep the land and have a replanted forest for future generation.. take standing timber that is not creating monthly income and now have a nice cash flow asset all for just waking some tree's.. 

We are building out a small laundry facility at our apartment complex and expect to complete a revenue share agreement with an equipment vendor. 

Is this Cap Rate and Cash on Cash good for an apartment complex with 11 units?  

This is why you only see SFH, which command the highest market price, and large apartment complexes, which have economies of scale, being built. 

. ** We ask for T24/T36** Income: 1) Rent growth - flat for next 3 yrs and inflation for next 3 yrs 2) Any other misc income increase by 2% aka inflation Operating expense (Big ticket items - Lets assumes its a C property)1) Tax - 85% of purchase price and then 3% - Texas is a non disclosure state 2) Insurance (General Liability and/or flood) (example: Flood insurance in Alvin area is ~20K for 40 Unit complex on top of general liability) 3) Make ready (assume 10 units per year based on 90 unit )~10% vacancy 4) Run and Maintain - based on how much capex you will be spending 5) Management fee (6% for your size) may be a bit lower but for now keep it a bit higher 6) Utilities 7) Professional service (attorney/CPA/Lawn/etc etc) 8) Marketing fee Capex:1) Whatever you think is needed (Check roof, water/sewer line/heating aka boiler/HVAC system/Foundation)

This was a great deal in a great complex which is also in a very popular are of Louisville, Ky.

This was a nice complex in a good part of town with a lot of space inside the unit, including a basement.

People do it on giant apartment complexes.