I would recommend one or more of the following tips.Find a place to do a TIC arrangement or a syndication deal where you line up financing for a deal that is a great multifamily project and you put all the moving parts together to make the deal work.Regarding syndications, if you are an accredited investor, you can buy into institutional grade $50-125M projects with as little as $100,000 and diversify.

If you are or become an accredited investor, you can buy into institutional grade $50-125M projects with as little as $100,000 and diversify.

What the consumer thinks is a performing asset is a lot different than what a financial institution thinks is a performing asset or what a regulatory body thinks is a performing asset.

Those lending institutions want you to have income, savings, and a cash down payment.One poster suggested starting small. 

., if you are an accredited investor, you can buy into institutional grade $50-125M projects with as little as $100,000 and diversify.

Also there's the possibility of being offered a (questionably legal) "finders fee" for locating the owner of a blighted/abandoned property and securing a deal for an institutional/established investor.So the above commenters are right!

That is aside from the regulatory risks of selling to non-banking entity which is under fire even in the institutional market right now.  

http://www.realtytrac.com/news/foreclosure-trends/realtytrac-june-and-midyear-2015-u-s-home-sales-report/

The waiver applies to all sales contracts executed on or after February 1, 2010, until 11:59 PM, December 31, 2014.FHA deems a sales contract to be executed when all parties to the contract have signed the contract, and the contract is enforceable under the law of the state the property is located.Mortgages that are made on properties in which sales contracts have been executed after 11:59 PM, December 31, 2014, are not eligible for a waiver of the regulation prohibiting property flipping.FHA will not extend the waiver beyond December 31, 2014.Section 203.37a(c) lists the sales transactions exempt from this rule.The exempt transactions include sales by HUD of real estate-owned (REO) properties under HUD’s regulations in 24 CFR part 291, sales by other federal agencies of REO properties, sales of properties by nonprofit organizations that have been approved to purchase and resell HUD REO properties, sales by state - and federally - chartered financial institutions and government sponsored enterprises (GSEs), and, upon announcement by HUD through issuance of a notice, sales of properties in areas designated by the President as federal disaster areas.The regulation, including its exemptions, is still in effect.Quick Links and ResourcesReview the Federal Register Notice (Docket No.

My end goal is to transition a portfolio of small-multis into medium-large apartment buildings, possibly taking aim at student housing since Seattle has a number of strong institutions of higher learning in the area.