As your trusted investor/advisor, my job is to be the eyes and ears for you as you navigate what can be a very complex real estate market.

I was strolling thru realtor today, and saw a 8 unit apartment complex less than 5 miles from my house and current rental.

The short answer is it depends how complex the structure will be and who the owners are.

I know @Robert Higdon mentioned 203k loans, however I'd be leary of this option because this is a fairly complex, time intensive, paperwork strewn option (search BP for post's by other on their experiences with 2032k loans) and do you really want to go through all of that for 2-6k of work that needs to be done?

@William Thresh I can take the cash and use it to expand the land surrounding one of my apartment complexes. adding 80 units.

My dad told me I would lose my shorts buying an apartment complex.

Names this Act the "Housing Stability and Tenant Protection Actof 2019; Would make permanent the system of rent regulation in New YorkState and building conversions to cooperative or condominium ownershipin the City of New York.Part B: Repeals Vacancy Bonus Increases, which allows automatic rentincreases of up to 20% upon vacancy; Repeals Longevity Increases, whichallows automatic rent increases based on the length of time since thelast vacancy.Part C: Prohibits a Rent Guidelines Board (RGB) from setting vacancybonus rent increases.

If you do not have the capital to do big apartment complexes but you still want to try your hand at real estate, you need to start somewhere which may be SFH or small apartments.

Hey guys I'm new to all of this, so bare with me.My family partnership (of which I am a 25% owner) owns a 7-unit apartment complex in Southern California free and clear.

My expense might be a little low, considering the condition and the complex is like 50 years old.