Small apartment complex analysing
this is just a question of the basics to look for when analysing apartment complexes. I live in Baltimore Maryland and have two single family rentals currently and have found that it is just two slow of a build up to what my goals are and am really looking seriously into apartment complexes somewhere between 15-50 units I've been looking at a few that have about an 8% cap rate but was wondering what could I look for to see if that's actually a good deal. Also what are the most common value adds that I could look for being able to do, really anything other then adding separate metering and general updating/cleaning up. I would really like to have at least one apartment deal under my belt by my 24th birthday on may 30th. Sorry if my grammar isn't the greatest it's not my strong suit.
Thank-you in advance for any help and advice from any and everyone.
Patrick Brown
PBHomes LLC.