Its a new construction all the new apartments have them. 

If you have, say $200k, and you use it for a down payment for a $600k apartment building.

. - thats fix and flipBRRRRbuying property for $400k, ARV $700K, will try to save in renovation but will still come out to about $140keach 3 bedroom apartment in area is going for $2,300/month (confirmed with rentometer and local listings) Taxes are $5,300/yearso what I did was $2,300/month each unit = $4,600/month75% of $700,000 = $524,250 at 4.25% = mortgage payment of $3,943.82/monthWhen you add water, tax, insurance, maintenance I am getting another $1,138.75/monthso in the end you negative cash flow ($482.57)I know the property is being bought at the right price, compared to location, but can that be possible where a property makes sense as fix and flip and not as BRRRR? 

I know I would have never gotten this far without being apart of something so awesome!

Currently it's not possible to build anything other than class AA+ luxury apartments without LIHTC, bonds, etc.

I use the house/apartment #. 

but other than a fire downstairs, the terrible carpet and the back deck is falling apart, it is mostly a good house.

There is a 8 unit apartment building that need a full rehab.

Read a few MFH books like David Lindahl about multifamily millions and Steve Berges on apartment investing. 

I have been looking at the MLS (wife is a Part Time Realtor for now) I is hard to find a descent deal and when there is one you have like 20 investors jumping on it lifting up the price if not the Realtor hold on the offers trying to scam the system.