The 2018 second quarter RealtyRates Investor survey says that apartment cap rates are on average between 4.9-13.8 nationwide depending on LTV, but the survey is not limited to recent acquisitions and I assume that those that participate in the survey know what they are doing .So this bring me back to my question: for those who are actually set up to responsibly invest but don't have the experience or network to hit the 15% CoC returns in today's market where the pros are also claiming good deal are hard to come by, is shooting for the 5 cap cash purchase on their first deal to learn the ropes a crazy idea?

Fun fact: Three of the most desired zip codes in Las Vegas (Top 2 market in 2017 & 2018 nationwide, next to Seattle) are now losing steam.Not sure if short-term and just cause its getting hot out here.

A nationwide lender or one that works with FL and MD.

It is possible that you are personally liable for outstanding HOA dues and fees even if you no longer own the unit.

I have a lender, Ray Putt with Access Capital Mortgage, who I've known personally for over two decades, did our loan for our home (and everyone else in my family) and now has done several for my clients as well (he can do loans nationwide).  

In poking around initially here there seemed to be an outstanding question of the asset being owned by an LLC being an issue? 

How does wholesaling a home work when the home has an outstanding balance?

The responses I've got in the forums have been outstanding.

Then I called the town collectors office and found out there is a $1500 outstanding tax bill due from 2018, and a $610 water/sewer bill.

Thanks :)@Julian Joseph - I was in a similar situation and decided to pay off all outstanding debt before my first purchase WITH THE EXCEPTION OF MY STUDENT LOANS.