Ideal apartment complex size for a new investor

[Stephen Moore]

What would be a typical apartment complex size for a 1st time apartment investor,sizes of maybe 30 to 50 units,im thinking maybe a turnaround project thats vacant? looking for any and all suggestions as far as property managers,etc.

[Bryan Hancock]

I have heard that 12 units is generally the maximum size for a first investment. I personally think you could do one a bit bigger, but the people that recommend 12 have much more experience than I do.

Turnaround projects are not for the faint of heart. I would advise against that as your first project.