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Updated about 8 years ago,
First Apartment Complex. What did I miss?
My Wife and I currently own 2 rental houses free and clear and a duplex. We are now looking into buying our first apartment complex. To do this I am going to need to sell one of our rental houses in order to have cash for down payment. This apartment complex is a 26 unit. I am in the beginning stages of research. When I put my spread sheet together everything looks great. But what worries me are if there are underlying issues that I am not seeing. I do plan on self managing this property.
Any feedback is so appreciated.