Down payment is an indicator of borrowers intent to pay.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

It's a bit of a crap-shoot anyway because there will be no info on loan structure or secondary financing to help indicate equity amount.It's good to hear from a next door neighbor as I'm in Erie PA.

But usually they let you see a few units before contract and all of the units after contract.It depends on the condition of the interiors, which may be indicative of the condition of the exteriors. 

Cap rate is an indication of the risk of the underlying asset and/or market.

No offense but your question indicates you have some holes in your knowledge and experience, and you're not located near the property to keep an eye on it.

@Mary MitchellI think putting a large group of people under one label is not productive.I realise not everyone on welfare is a low life and I should qualify my statements by indicating that I am only referring to the 80% that are welfare leaches.Those with kids that would love to work should find a way to get their butts off welfare.

It will indicate how much you can sell the property for at the end of your business plan.

You indicated that you were going to convert part of the new property into investment. 

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.