Starting off with a mid-size apartment complex???

[Drew Leonard]

My business partner and I are both newbies, but he can bring substantial funds to the table such that buying a larger apartment complex could be possible (upwards of a $1MM purchase price). We were under contract on a 4plex, then looking at some SFHs, and now we're entertaining a larger investment. So we've been all over the map and are really suffering from analysis paralysis at this point. We had started out with BRRRRs in mind, but perhaps that wouldn't necessarily be required if we had a larger, strong cash flowing property. Our initial goal is pretty modest; looking to replace our current incomes about 12 years from now (much sooner in a perfect world) and work if/when we want to from there on. Hoping the BP community can share some insight on whether or not starting with a larger investment is a wise move, is it better to buy 5 10-unit properties instead (for example), etc. Thanks.