Personally, in this market, I would work on saving up and really doing my best to find a great opportunity and pull the trigger then.

Personal criteria, building criteria and area criteria will all affect the way a deal appears on paper. two 100 unit apartment complexes, one in an A area and one in a C+ area will have very different financial breakdowns and interest groups.Want to know if a deal is good (for you)?

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

Do you own these properties in your personal name or through an LLC?

Personal guarantees are EXTREMELY common.

As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health.

Personally, I'd start looking in markets you're familiar with, similar to what you said in your post.

Simplify the structure as much as possible, have clear roles and responsibilities that are not overlapping (meaning only one person is allowed to make certain decisions) and a clearly defined exit plan.

I personally leverage, but have a large rainy day fund. 

I have read all of the "trends" and statistics but now I am Looking for feedback on personal experience in the Akron market.I appreciate it!