Lets look at this apartment deal

[Shannon R]

32 unit, 2bed/1bath Complex, built in 1985
Gross rents, laundry, garage rental $242608
5% vacancy $229978
NOI $128,589

Property is in good condition.
Rents are the lowest in then area.

What would be your max offer using DPA?

[Uwe S.]

If you made a financing Shannon, then is a 9% CAP nothing. You have no financial scope if you lost 5% of the tenants as example.
With 20% down the highest bid should be $1,200,000 not more, but now you made an $1,400,000 offer this is the point of no return :(.

Where do you looking, only Philly and surrounded area entire PA, there are excellent deals in PA and with $250,000 down much more better than this.

-Uwe