After looking around at financing options (@Albert Bui has been really helpful) I have decided that I really need to get some bigger pockets before I can tackle apartments with any kind of reasonable risk. 

Maybe you can buy tile, cabinets, carpet, hardware, etc (finishing materials) to save $.While I agree that someone with no experience shouldn't be trying to tackle new construction, I disagree with the premise that a typical builder can/will build for less than a seasoned rehabber/investor who is building a small volume of houses.A builder is typically going to hire turn-key companies, for several reasons:1.  

On top of your down payment you need to factor in closing costs, and repairs to get your unit rent ready.I don't want to scare you away from this but you need to really think about what costs are associated with this endeavor and plan out how you are going to tackle all of the bumps that are on the REI road.    

So I hope to tackle this issue once and for all and if I am successful, this should be the most read blog post on the internet for new investors (brokers you can read it too; don’t worry we wont tell).

Apologies if this is already tackled in another thread!

Hello,I will try and keep this as short, but detailed as possible. My experience with RE is at best limited to the BP podcasts and a little reading material, as I have only decided a few months back, that I would like...

I suggest you not. http://www.biggerpockets.com/forums/41/topics/163576-how-would-you-tackle-this-deal?

I do have a couple of potential partners who are willing to team up to tackle a flip and I have all the resources/contacts to get the process moving quickly and correctly. 

Hello all,This is a part of another post I have which can be followed at: http://www.biggerpockets.com/forums/41/topics/1635...I have started a new post as I have a more specific question in regards to the property (3...

If you have never worked a short sale with the owners bank you might not want to try and tackle it now.