Since then, we have acquired 3 more homes and two apartment complexes, all within the general area!  

As for 2 beds apt, I’d rather go fOR a large complex with on site management.

Or is it a scenario where the process is a little longer and more complex than a conventional mortgage/loan, this factor deters people from using it? 

We bought a 1/1 in a complex where we already owned a 2 br.  

If this is a large condo complex you could do it as 5 vanilla Fannie 30yf loans; if this is a smaller complex or you prefer a single blanket loan, it'll  be a commercial financing scenario... adjustable, 20-25 year term, etc.

Purchase price: $2,000,000 Cash invested: $700,000 35 unit apartment complex in North Knoxville.

These are bit more complex so you need to make sure there's a solid deal there before you mess with a pre-forc.

Saying that about Dodge takes a lot - they've come a ways since the casino was put in.Anyways I went on a tangent - but do your homework and check out the short term rental market - maybe buy a duplex and use the other half as a short term rental or a small apt complex if you can afford it near the university. 

They are part of a condominium complex where renters have access to all amenities: typically one or several pools, a gym and yoga room, a spa and steam room, a kid's club, one or several bars, underground parking and a private outdoor area for residents.

My partner and I are under contract to buy an apartment complex and it happens to be in an opportunity Zone we didn't even know it when we went under contract for the apartment complex and some nearby a couple of other complexes that we have and this one just happens to be in an opportunity Zone doesn't even appear to be a rhyme or reason as to why it's in an opportunity Zone. that being said it's not a redevelopment project and we're not going to be able to take advantage of the tax credit because there's no way that we can put a hundred percent additional Capital into this particular project but what it did is it got us thinking there might be another property nearby that does need that kind of redevelopment and so now we're actively seeking other properties in that same area that will help us build our existing portfolio and potentially get significant capital gains tax deductions at the same time.