Over the years, with personal investment alongside investments from family and friends, I’ve been able to build a small portfolio of apartment buildings with a focus on cash flow through strong operations.

I want to know more about the area and build a team that can help me purchase and manage properties.   

HOWEVER, there are two completely separate apartment buildings on the lot. 

I then did some wholesaling, land flipping, did some more buying and am now just doing lending to build up active income.

I'm currently building out a couple versions of my own, since the internet is not producing very many good ones.

If this is your first property, you could consider starting with a smaller apartment building and going after the opportunity first, and the property as a secondary consideration.

For me it’s building connections with buyers in a new market. 

I want to find something local (Los Angeles area), move in, do small renovations to possibly build up more equity, do a 1031 exchange, and find something better. 

But I have a client with the same type of building and has a non-conforming basement that he uses as an Airbnb and hasn't had any issues with it. 

Let the numbers tell you where is the best area, for you.Oh, and if you invest out of state, build the PM costs in the deal.