I depends, does the apartment have deferred maintenance issues? If not, and the over all condition, that is the building is sound structually; has working plumbing in good/great condition (as water pressure; clear / clean sewage drains); a good sound roof; foundation, etc. you may find yourself not having too much to maintain same other than said property taxes and common ground expenses. What you need to do is get a good home inspector; contractor and roofer to go over same again (of course this will be at your expsense of if you have trust worthy friends in the field they could do same). You may also want to consider getting a "roof certification" if the roof is near the end of it's life, this way if the roof leaks immedialty there after (during the terms of the "roof certification", it can be upto 2 years or more depending if the seller is willing to pay for one (however you too can while in escrow), then the roofing company will come out and fix same. Just be sure you are thorough on your inspections of said property and do try to be sure you get positive "cash flow" out of it if you are purchasing same. So overall the answer to your questions would be it depends on condition.
Jan 24, 2012