So apartments tend to get affected less by economic contraction than houses.Now - that's based on the assumption you have long term financing in place.If however, you have financing that will end in 5 years, then that's not a good idea.

@Braden Downs , @Alyssa Dyer -   I gotta say, I've been driving Capital View and you need to be very careful there, those apartments are going to tend to pull the area down although some blocks have potential.

Only you can decide if the risk is worth it (I tend to think it is). 

I was wondering long term, what the trend is (over say 10+ years). Rent increase at the level of inflation, while mortgage costs stay constant, your cashflow should increase right?Any insight is appreciated.

Also the dispositioning of the asset 3, 5, 10 years down the road is very important that both new and seasoned investors tend to not account for.Best of Luck and please feel free to  message me at anytime for any help!

We decided to have a vapor barrier installed along with a sump pump in this area which cost about $4600.  

So a more aggressive investor tends to overlook the downside and focuses optimistically on a positive outcome.

Partly my fault for not doing more research however, to my surprise our sub par school district schools tend to devote more individualized attention to the children in my opinion.

But if you are getting even LESS interest with lowering the rent then could be 1) too low and people think it's a scam (generally only if the place is too nice for that price) 2) timing, people tend to look at the end of the month not the 1st 3) seasonality - schools out for summer for example in University Heights

In worst case scenario lender wants to breakeven on the mortgage if it becomes non-performing instead of taking a big loss.As STNL primary lease term winds down cap rate tends to rise as financing is difficult and more cash buyers needed.