Thus, I am interested in suburban space near major cities, not the downtown inventory that is trading for pennies on the dollar, but often involve massive office complexes that will have huge holding costs until they get leased up. 

@Eli Kantor The complex I still follow having invested and owner occupied is over 30 years old and has 340 units.

lol, it's that God complex that they all got.

I'm very interested in apartment complexes and have been trying to learn as much as I can about investing in them.

I make sure to be there when the appraiser is visiting the home and print out data on appreciation rates and comps and give him/her a personal opinion on where we believe the home should be appraised at.

I know CA investors buying in Dallas and San Antonio, specifically apartment complexes and an Austin investor (who lives there) buying land to build retail.

Check out  - https://www.ruidoso-nm.gov/short-term-rentalsThat is all the data to get started on the permit but still check if the neighborhood has an HOA and what the rules are.

We received this letter from Toledo LMHA Lucas County's Section 8 administrator.I don't know if they had a data breach and a bunch of landlord and client personal information was stolen or if they lost their server and backups.

When I got started I fell into this trap of trying to create all this complexity and then realized it was not worth it at all and all it did was create chaos and add more costs.

I’m a huge fan of keeping things simple since it takes me longer to understand complex topics, especially taxes.