Reply To: [SAMPLE] What would you review before purchasing a small apartment building?

[SAMPLE REPLY – fictional preview, written by the administrator] That DSCR gap is the real lesson in the example. Options include a lower price, a larger down payment, or documented rent upside, but I would not underwrite future rent increases the seller is only promising. I would also budget deferred maintenance explicitly. A building that looks like a 6.5% cap rate can behave like a 5% one after the first year of repairs.