This is a small apartment complex I came across.

I'm considering a small apartment complex.

That's $22,500 per unit, or $360,000 for the complex.

Planning on selling as lot and using the ~$500-$600K +25-30% leveraged borrow to purchase either a small triple-net lease property or small apartment complex.

i have offers on 2 condos in a 3 unit complex...if one of my offers is accepted can i reestablish the HOA or do i need to have all 3as of now 2 are bank owned and on the market...the 3rd will be soon- so i hear...my plan is to start w/ the 2 that are bank owned make offers and get under agreement...no HOA is in place so cash is needed...i want to refi right after i reestablish the HOA... but how quick can that be is the question...will i need 1, 2 or all 3 under my name before i can re establish the HOA?

There are also a lot of apartment complexes offering free first month rent and even free furniture to fill their vacancies.

I've been looking at buying MF apartment complexes near campus here in Houston and it seems that either the Seller is not really wanting to sell (just testing the waters, seeing what the market is throwing out) or the Seller's expectation of price is too high (low low CAP).I know I should look at other city markets for student housing, but I haven't found too many listings (Brokers) who are in the student housing MF market.

Our complex's units are all valued the same, with the value representing a 46% percent increase over 2005.

I always introduce myself as the property manager to prospective tenants, but if they ask if I'm the owner, I tell them I'am.Living in the same complex as your tenants is a good way to start off and learn the business.

We focus on apartments of 100+ units, mobile home communities, senior (not assisted) complexes for partners and consulting services.