I see ROI's in the mid-teens every year.

Here's the low down:250 Units, Evansville, IN | Class C+/B- AssetAcquisition and Assumption of Existing Debt (35yr Amort at 2.93%) + Mezzanine Note + Equity of about ~23% Equity Raise: ~3.1 Million (our own cash + limited investors as well).Plan: achieve cash on cash returns in the mid teens (going in 8.55%), IRR of 15%+ and 2.25x over a 7 year hold.

Here's the low down:250 Units, Evansville, IN | Class C+/B- AssetAcquisition and Assumption of Existing Debt (35yr Amort at 2.93%) + Mezzanine Note + Equity of about ~23% Equity Raise: ~3.1 Million (our own cash + limited investors as well).Plan: achieve cash on cash returns in the mid teens (going in 8.55%), IRR of 15%+ and 2.25x over a 7 year hold.

But as a RE investor, I still think having SF property is a bit sexy to have in a portfolio and the RE tax will never be this cheap.  

Make sure that you would want to spoon that sexy deal for years and lovingly pet down your slim cost structure.  

Awesome breakdown of the numbers, those are sexy.

Typically, credit cards have interest rates in the high teens or higher.  

I like to know exactly to the Finiest detail why my ARV is a conservative reflectIon of useful and competent comps and that my rehab is a liberal figure because I find it better for the customer even though the prices may not be as sexy for me to market

Dear all,I am looking to invest in an apartment complex between 5 units to maybe low teens (13,14) near a college campus under $600k.LoopNet has some inventory, but as mentioned in other forums I would rather get it hot out of oven.

Thanks Omar I have commercial deals the the opportunity is sexy if they are real