LEGAL RISK - If someone sues the condo HOA, it can spell major troubles for the entire complex.   

Purchase price: $1,050,000 Cash invested: $180,000 18-Unit Apartment Complex currently being completed renovated.This is an 18 Unit Historic complex located in the downtown core.

MO has a multilayered and complex system of valuation and millage rate. 

Hi,I am from California and about to purchase an apartment complex in the south east suburb of Columbus Ohio.

Due to the complexity of OZ's, I doubt many will be offering them up to non-accredited investors.

It depends on how big and complex your investments will be.

Are all the newer giant apartment complexes driving rents down and vacancies up?

Several years ago, I looked into building a complex of 4plex 2-story townhomes and construction was the cheaper route even after the increased construction loans cost.

You can start by reading "Best ever apartment syndication book" by Joe Fearless and @Theo Hicks.2) Here's a high level overview of the legal documents included in the process: https://www.biggerpockets.com/member-blogs/10850/7...3) You haven't mentioned whether you have experience/track record with investing in apartment complexes.

However, what do you compare the asking price to, if zestimates etc. are considered worthless AND without having to fork out over $100/ month for access to software to then have to do an even more complex statistical analysis to determine that average price?