@Frank Contreras I am being serious, assuming I knew what I know now.

I think you have to look at what it takes to stabilize an affordable property. Sometimes it’s worth it. sometimes not so much.

@Frank Contreras I am not that sophisticated. I typically just factor in expected or possible cap ex and roll with it. Everything recycles in our portfolio now while we are building ,so that acts as its own natural shock absorber beyond what we account for in maintenance and cap ex. At least that has been the case so far.

These assets require maintenance and upkeep, plan accordingly.

@Frank Contreras No, but if you're starting out you should be saving for those eventualities now before you start taking any cash flow from your properties.

If they are using software I would request copies of all leases, lease amendments, tenant ledgers, rent roll, and property P&L. Those will tell their own story. Not always possible, but I would ask for a maintenance order report on each unit as well.,

@Frank Contreras Not me personally, but I have seen it come into play when I worked in commercial multi family.

I just look to see if I think I can get the property for the 1% rule, If it checks that box level 2 analysis is estimated gross rent- PITI and 20-30% or gross rent. If those numbers work then I will actually start looking into a more detailed numbers and not general estimates.