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                                                                EXHIBIT 23.10.31
 
                        CONSENT OF INDEPENDENT AUDITORS
 
     We consent to the reference to our firm under the caption "Experts" in the
Prospectus Supplement of AIMCO Properties L.P. related to the offer to acquire
units of limited partnership interest of Davidson Diversified Real Estate III,
L.P. and to the incorporation by reference therein of our report dated February
25, 1998, with respect to the consolidated financial statements of Davidson
Diversified Real Estate III, L.P. included in its Annual Report (Form 10-KSB)
for the year ended December 31, 1997, filed with the Securities and Exchange
Commission.
 
                                            /s/  ERNST & YOUNG LLP
 
Greenville, South Carolina
October 27, 1998