Find out what works for you and your team on smaller deals then scale up once you start to get comfortable with multifamily. 

Build a reliable team on the ground, plan occasional visits, and trust your general contractor to handle the day-to-day.

Experience level of the team.

As well as 66 units in the Carolinas that my team and I syndicated this year.

We will build our experience and team, starting with a good foundation and grown from there! 

If you don't go into what you can afford, then you have to get into teams and syndication where you build the funding to buy larger commercial real estate.

People love Vegas and it continues to bring new businesses (Hollywood 2.0) and sports teams, just look into different investment strategies. 

You will also need a team that knows how to work with CMHA, which in itself is a huge pain to deal with.

Financing-  build a relationship with a regional banker, don’t shop for interest rates, start small and build history and loyalty they are your team, Cross collateralize, deposit CD/MM or custodial account with bank for loan, give them monthly updates, nail your deal analysis, do stress tests on your deal analysis-cost/interest rate/deal length/ sale price etc. 12.  

In the meantime, I just need to keep working consistently. networking and building my team.