Strategy for Acquiring First Apartment Complex

[Chris Wilson]

Hello everyone! I'm a realtor that assist investors in Saint Louis and my parents were investors when I was a kid living with them. So I have a good foundation in finding and analyzing deals especially 2 and 4 family duplexes. I want to invest for myself and I want to start with at least 20 units. I want to reach this goal by the summer of 2022. Also, I'm trying not to reach into my own funds to buy the property. 

My strategy is to do seller financing for the 20% that the loan would not cover and having the seller cover closing cost if possible. If not I want to find a private lender to cover the closing cost and pay them their funds back with a percentage on top. I want to find my first property in Missouri because I have my real estate license in Missouri. By handling my own deal I will get paid a commission. I want to use that commission to help pay back that private lender that they gave me for closing cost. 

Has anyone ever done this? Or does anyone have any input or suggestions on this strategy? Thanks in advanced!