Also, your total returns go down without any leverage because you lose the multiplier effect of appreciation.Now, to answer your question.

By focusing on multiplying investor returns, we build lasting relationships based on mutual success.In this industry, it's not just about making money for yourself.

In addition to down payment you need reserves which is 12 times or 24 multiplied by all you debt.

Leverage is all about having lowest down payment while waiting for appreciation to multiply your DP.

I think about taking these few issues and multiplying them out times ten (that's today, and hopefully in the future 20X or 30X) and it just makes me depressed thinking about it.  

Open a corporation and start building business credit.2.Leverage Credit to Multiply Capital: With strong business credit, you can secure $50K to $250K in funding through business credit cards and lines of credit.

Quote from @Evan Polaski: @Chris Seveney, take all the shadiness that can happen in the larger MF space, and multiply it by 10, or 100 for the single family space.  

Multiply that by 8 properties and that adds up quicklyAt this point I've amassed around $150k in debt, I'm spending hours a day trying to find large multifamily properties with nothing to show for it and the whole passive income dream I was sold seems to be a huge lie.

Cap rate, per door price, gross rent multiplier.

@Jonathan Baptiste cool story glad you learned a lot.Now, multiply all that by 300+ tenants and you'll know what the average PMC has to deal with!