I have actually done this and can say that it is a pretty complex process with many rules.

We have owned 14 SF rentals and 4 apartment complexes totaling near 1,000 units, and over 17 year period we have been sued exactly once.We had a 350lb resident that missed the bottom step of the staircase, fell and hurt himself. 

While we both have strong W-2 incomes, the large number of properties I own has made conventional lenders and agents caution that securing a loan for our primary residence could be a highly complex process.I’ve consulted with some local banks I work with, and one has expressed potential interest in financing our primary home.

"I've got this 243 unit complex right here that you can buy...

A 1031 also adds complexity and timing pressure.Watch Out For:Opportunity Cost: Renovations tie up cash that could go toward other investments or reserves.MTR/STR Management: These models require more time and effort than LTR, even without a property manager.Market Risks: WA properties may appreciate slower than expected, and higher costs could reduce your margins.If cash flow is your priority, option 1 (renovate and STR/MTR) likely offers the highest upside.

After some strategic renovations, the property not only provided positive cash flow but also appreciated significantly over time.Navigating the purchase of Freddie Mac homes can be a bit complex, but with the right approach and due diligence, they can offer excellent investment opportunities.

The inventory in this area is very tight and there is never much between duplexes and massive multifamily complexes.

Use customized leases with state-specific templates and consult a lawyer for complex issues.

There are a few markets in the US where you are forced to look outside like LA, SF, NYC, Boston etc, but even for Chicago investors it does not make sense to invest in Milwaukee due to the added cost and complexity

In the past 3 months, I have been getting calls from several investors interested in apartment complexes.