Then in my old neighborhood, there's a strip of land between railroad tracks and home backyards, vacant, a developer bought it, and it took years for him to get the approval to build an ugly over 15 story condo complex in a 2 family zoned area.

I have suggested fencing the community, putting in an office, and creating an office complex.

It seems to depend on the amenities in the complex. 

I'm talking with an agent who's selling the portfolio of a client who's getting into apartment complexes.

@Evelin Montenegro this would work on a small scale, but would be disastrous if you have a larger complex.

The process of analyzing the investment is quite different, of course, because you are not buying something to live in, but buying it for commercial purposes.Unfortunately, I may not be the best person to talk to about this because I buy apartment complexes.

The demand for the units were high but the property had a serious heating problem where they were just burning cash to heat this 7 unit apartment complex with an undersized, 35 year old, oil furnace that may have never been serviced.

Compare your current ROI on the existing properties vs. your projected ROI for the apartment complex.

People shot at bars and in apartment complexes.

Purchase price: $1,000,000 Cash invested: $200,000 A 40 Unit Senior Retirement Modular Home Complex that we're expanding into 100+ units.