Unfortunately, these are also hot areas, so you have to study your comps diligently, act quickly, and be prepared for multiple offer situations.

It was a hot market so I had to put $3K cash non-refundable deposit.  

I know markets are different, not clear how much investment I should reasonably allow myself to consider in hot markets or where I like a property but a 20% down doesn't work.

The homes have all been recently updated new hvac, floors, hot water heaters.

Shoot I was one myself ) this building will be 1 block away and cross the street from campus with all the bars and restaurants  the other new complex do have pool but I think the distance and little cheaper rent than other new building. will attract students more  2  the old buildings around it  all have evaporated cooling ( which sucks bad on really hot days down here )  our will have central Ac  3  I was thinking of building a gated capmlex  to give them little something different 4  will have  washer and dryers  on site ( coin operated )5 will have masters bedroom set up  each person has his/ her own bathroom  6 if there is room left on the lot we can put little shade stricter and build it grills  Around us  1 bed room renting $450-500  2 bedroom  $685   In the old building  I was thinking of renting 2 bedroom -735    And 3 bed room  for 850    1 bedroom for $535  Project cost with lot will be about $1.2 -1.4    20 units will average at 680 a month $13,600 a month gross

And as always without concrete proof, I, like most others here will just be blowing hot hair.

Current taxes are okay for me to handle for now but it is in a very very hot market area now so I am sure taxes will go up even more.

At the hot and cold water supply shut off for washer next to the discharge hose see if connection is old style turn handle or newer on or off selection.

All 3 units have electric heat.In the rear house owner pays sewer all other utilities are payed by tenants back house each unit has a gas hot air furnace I believe water heaters are electric.

Here's a tip hot off the press.