@Seann Brown I found two apartment complexes on Loopnet I am keeping an eye on. 

Interested in an attorney's answer to this one.Also, from what I understand as a non-attorney, FLPs (family limited partnerships) suggested by @Brian Bradley are very complex and expensive and would be an overkill for most small landlords with modest net worth and no estate planning needs?

I generally dont bring up complex entity structure to an investor that is just starting out because it just discourages them and complicates thing.

What is everyone doing to screen tenants for apartment complexes?

Came across a lot that is permit ready to build 48 unit apartment complex.

there are RICH and then there are RICH... big difference one may be RICH but have TONS of debt.. another maybe RICH and have very little debt.most of the wealthiest folks I personally know have VERY LITTLE debt and own everything out right from10 million dollar apartment complex's to big estates  and other investments.. but both are rich.. as we get older most of us want to more to the paid off version of rich with not a lot of debt.. you still have the asset your cash flow is that much higher though

There are a lot of bigger complexes in the neighborhood.

Got a question I (thankfully) haven't had to deal with before.Got a six-unit complex in Weatherford, TX.

I have been following his strategy for the 8 apartment complexes I currently hold for 122 front doors.  

Both SFRs and Multi's can be great rentals.  5) Manage this second one yourself to see first hand the complexity, but then plan on hiring a property manager for #3 and #4 after you get tired of whiny tenants.