@Mark WilliamsThe valuation of commercial asset (which your 24 unit building is) is driven by the NOI of the asset, the building class, the cap rate for that asset class in the area where the building is located and thit is very different from the purchase and sale of residential properties for which the value is determined by the price other people paid for similar properties.it is important to look at the P&L statement for the building you are looking to purchase and verify that it accounts for the expenses and income to work out the true NOI.The NOI divided by the cap rate and divided by the number of units would give you the price you should expect to pay.That price per unit will vary depending on the class of asset it is.Class A commands the highest price per unit and the lowest cap rateClass D commands the lowest price per unit and the highest cap rateNot the precise answer you were expecting but hope it helps.

We were paying $1950 for a four bedroom, to give you some perspective on how much you would be able to command in rent. 

Not to mention they won’t (in all likelihood) not want to be on a 20 or 25 year amortization schedule.Usually, I would assume you can owner-finance and then command a higher purchase price, higher interest rate, and still be in 1st position.

"Don't demand respect, command respect.

You are right, there are new buildings being completed and many units entering the market; however, these are rental units that command a much higher price per sf than my units, and usually charge and extra $150-200/mo for parking, while my places all have dedicated building parking.  

For example, if the going rents in your area are $2,000 for a remodeled place, and you can only command $600, then yes, remodel!

I'm sorry about the previous post is I'm using voice command and I didn't proofread the inside of the property is gutted.

First hopefully if i ever can get a deal after repeat business i would ask the agent to shave a 1/2 to a point on repeat business on the seller's comm. and i would only think if the margins where good would you consider paying closing cost or splitting them with the buyer but only on those condition unless you we're pressed to unload the property.

My neighbors understood some English and that’s expected since most young professionals do have some command of the language but when you’re living in a community and are hoping to integrate, language can be a barrier - I failed at making that effort.

In addition, if you think about it, it can also contribute quite a bit of credibility to your business and in the long run create a formidable veneer that both commands respect in your area and quite possibly shatters pesky objections.The goal is to test.