First Multi family! Best Markets. Pros/cons near military bases

[DJ Roshan]

I have only bought and sold a few houses over the years! Bought a business a few years ago and have done well with it. 90% passive for me, while helping son in law provide better for my daughter! Finally have some cash to invest and want to jump into fairly large multi family property to get to next level of passive income! I’m in my fifties and still market for another company and want to bump up passive income substantially! Will have family in Mesa, AZ, also familiar with parts of AR, FL MI & MO. Thinking about 1.5 to 3 mil dollar property depending on percentage banks require down, maybe need to find a couple 100k in private funds to hit down pmt for that upper end! So any of those areas have better cap rates/opportunities. Anyone with experience near military bases?  Also I keep seeing “pro-formas and hearing about getting your own numbers, but shouldn’t you be able to see actual historical audited financials/tax returns before you make an offer? Like one would do when buying any other ongoing business? Any pointers would be appreciated especially about structuring a private money loans.