Skews heavily towards tax-advantaged indexing and retirement accounts but lots of interesting discussions there.

You can look at it two ways, building of big apartment buildings means that the town is due for growth and will be drawing in a lot of renters and you may be able to charge a good rent, not everyone wants to live in big buildings and would rather rent smaller places but be by everything. the other way to look is that the market will be over saturated with rentals and yours would need to stand out, how do you market it, do you lower rent to draw the people or do you fix it up and heavily advertise it to try and stand out. i think if you invest in those areas you need to upgrade and advertise, appeal the class of people they are trying to draw to the area, may be worth finding out who the developer is and asking them what market they are targeting, if they will share with you that info.

To take a chance on an unknown there has to be some added value to the seller to contemplate taking that risk ( this is why working with a broker/agent full time in the business can help carry weight to get your offer accepted when you are newer as a unknown buyer in a specific asset class).In residential with mom and pop type sellers it is less common but when you get into millions to tens of millions in purchase price then reputations are on the line and all the little things matter more heavily because of what is at stake. 

Im originally from NJ where people hustle, theres multiple jobs, and property is 5x more expensive.Although I only make 20k a year, I invest heavily.

So cap rate purchase is generally low and you are hoping for increased rent growth to further yields unless you built the complex from the ground up to own then you might have a 10 cap rate to cost versus buying in the market for a 6 for class A apartments  with little operating expenses.Watch out for (newly renovated) properties where some syndicators and sponsors do rehabs on the cheap but the expensive items are fixing to go out after you own it reducing yields heavily in future years.Newly renovated to these sellers might mean carpet,paint, some lighting fixtures.

@Dustin Willyerd I would encourage you to either heavily educate yourself or bring in a JV partner that has the knowledge of how to work the note space and that will teach you as you go through the process.  

I have been working heavily with multi-family investors lately, and we are still finding deals in the LA area and all through Southern CA.  

Hi @Ray JansmaI invest very heavily in Hammond.

I also read often that it is heavily advised to take advantage of the section 179 deduction.So - I am trying to crunch the numbers for a potential vehicle purchase for my business and am weighing it against lost profit.

We work heavily with investors in the Southern CA and Central CA markets and have the ability to provide you with such deals.