Also, I think a lot of people get scared of apartment complexes with in-house laundry, but many people actually prefer going to a laundromat if nearby.There are franchises, but they take a large fee.

After reading every real estate book that I could get my hands on, coupled with numerous podcasts, I realized that multi-family complexes made the most sense.

The unit is 2b/2b, sleeps 6, in a complex of 80 other units.

I would check with some of the people who live in the complex to get a gauge of the management.  

Mostly from my salary, but I also own two SFH which I rent for $1300/month each with mortgages of around $800/month, including taxes and insurance.My goal is to retire by the age of 35 and focus my energy on either owning an apartment complex or commercial real estate.

To start out I am doing this as a personal exercise to learn how to do these types of deals for the future, currently I have not yet done a deal of this size. Please help me improve.Unit Mix Information ...

However, the complex down the street did flood.

Let's just do simple math and not do a more complex Amortization.The simple math is:$1 Million Mortgage / 30 years = $33,333 per year OR $33,333 / 12 = $2,778 PER MONTH.Don't you think the Mortgage Balance Reduction is actually MUCH MORE dependable than even the Cash Flow?

For just one property it is not too complex to do on your own.

Did a subsidized complex go up near you?