Evaluate this listing...
http://www.coldwellbanker.com/servlet/PropertyListing?action=detail&ComColdwellbankerDataProperty_id=12007203&page=property
I'm def just in the learning and research stage but I was curious if some more experienced folks might mind sharing the thoughts that run through their minds when they see a listing like this one?
Is 17 unoccupied units a major red flag or just this sign of a really really disinterested owner? Needs a rehab? Paint, carpet and mini-blinds or all new kitchens? What kind of cost ballpark woulf you put on a rehab on this many units?
The owner financing--likely means a bank wouldn't?
Anyone scared of the 5 year balloon on something like this?
Just trying to see if I am thinking along the right lines...