Buying Apartment without major experience in SFH

[Brandon S.]

Hello,

I'm looking to purchase a 16 unit apartment complex in Washington, D.C.  I've been doing flips for a few years and saving all profits, plus savings from my primary job.  I also have owned 3 single family homes that were rentals, which I've sold 2 of 3 and made a nice profit.  

I'm going to continue to do flips, but my friend/business partner who used to work in the mortgages industry told me it would be hard for me to get a commercial loan because I haven't managed that many single family homes at once.  I've never heard that. 

Does anyone know how common that really is?