Posted by Vic on January 23, 2001 at 01:30:55:
…you can go in & raise the rents significantly. 10 units at $500 is $5000. Your payment on that building will probably be $4000 or so, depending on int. rate. Then when you add in insurance, vacancy, maintenance, etc. all your profits will be gone.
Only way I see to do it is if the place is under rented.