Having <10K will limit your options on how much real estate you can afford, though that same rule applies if someone has $100K saved up (still challenging to own a multi-million dollar complex on your own).

You can lift a house or apartment complex but not the area.Do your numbers and be VERY realistic.

Finally, analyzing potential rental properties can be slightly more complex, but none of the math is difficult.

Does the complex impose a "flip tax?"

In fact it may even create some more tax return complexity but should not increase nor decrease your tax.LLC are mainly used for liability and asset protection.

I think that area is going to do well with the new complex’s going in at 5th and Main. 

If one of the headaches you want to accept is complexity than by all means create a differentiated criteria.I don't want that headache. 

A buyer that lived in the apartment complex down the street saw our yard sign and approached us with an offer right away.

The 2 units I currently own are in the same complex, and they have always been rent friendly.

Now that they have 80% ownership of the complex it'll be interesting to see what appraisals come in at.