Duplex - C Neighborhood 40k - Purchase Price - 25% Down ~10k4k - Closing6k - Roof Repair1.7k - Misc Upfront repairsMonthly Expenses/IncomeUnit #1 -  $450 - Currently rentedUnit #2 - $450 - Vacant157.40 - Mortgage129.17 - Taxes90 - PM60.42 - Insurance, although this might change66.67 - Water90 - 10% - Maintenance and Capex90 - 10% Vacancy45 - Lawn Care/Snow Removal Net Income - 171.35The initial inspection showed a few issues, biggest ticket item being the roof which I was already aware of so I decided to proceed.

You most certainly can sell the building before it is stabilized, but buyers will discount the validity of the buildings performance.So, to figure out the {potential} value of the building you need to:1) Determine your revenue:determine what is the market rent for each unit type in the building and calculate your scheduled rent;determine the market vacancy for the area (for each unit type) and calculate your anticipated physical vacancy;Subtract the second from the first above and you have your {projected} effective gross revenue;2) Determine your total operating expenses:These include: property tax, insurance, yard maintenance / snow removal, electricity (house metre), oil/gas (if common heat); water/sewer, garbage collection; janitorial service; maintenance (10% of effective gross revenue); Property Management (7-10% of effective gross revenue); advertising, accounting & administration, etc.3) Calculate your Net Operating Income (NOI): Effective Gross Revenue - Total Operating Expenses4) Now you need to determine/learn the price being paid for similar (i.e. same class of building) cash flows in the local area.  

You don't want to be in the middle of a dispute where damages or loss occurred to tenant property and you have to be a twice removed middle man (dealing with Airbnb to settle the dispute and the tenant as well as the guest=no fun).It may be worth your while next time a unit turns over to try renting it as a STR (short term rental) for a bit and see how you like it.Best of luck!

For the marketer, it is a complete numbers game, so they dont care that the information is outdated on a percentage of the mailing list.A funny thing that happens to me with my EDDM, every door direct mail, I get calls from people asking me to remove them from my mailing list.

It's not that they play by different rules it's just that they are selling the house at below market value, which removes most of your leverage.

Why are there so many "This post has been removed" on this thread???

When the guy finds a new roommate I will remove the women from the lease.

Just remove the mystification.

Hey BP Community,I'm dipping my toes in the apartment water so to speak, and someone brought this deal my way.Here are the numbers:$1.2 million purchaseCurrent occupancy: 58%Units: 64Average Rent Per Unit: $550 (conservative)Area occupancy average (subject property removed): 90 + %Why so many vacancies?

My wife and I enjoy watching those shows for entertainment and to soak in different ideas on design choices like where/when to remove walls, kitchen layouts, etc.Their market is different than ours, and the P&L's are drastically oversimplified to the point that I'd never expect to replicate their results.