Having a good lender who knows how to navigate the complexity of the process is a must have.Work with an agent that has closed 203k loans and has a network of people to refer you to.

Lots of unanswered questions at this point that I will be finding out in the days to come but I'm curious, generally speaking what's everyone's take on owning individual apartments within a larger complex? 

In CA, we are required for any complex with 16 units or more.

@Khader Moh as far as investing outside of your immediate area, I agree that it is definitely more complex as far as finding capable Property Managers etc....

Because acquisition agents are incentivized to keep acquiring property which fits their model, they often focus on the same areas—essentially turning entire neighborhoods into a rental complex.

I have come across a 5 unit apartment complex in a college town  off the market currently. 

I do have some built up equity in an apartment complex I could tap into if need be.

Will Google street view tell you if a particular complex is an MF?

There’s a current apartment complex I’m interest in purchase as a first time deal.

2 bed 2 bath 2 parking spaces with in unit washer dryer located a bock west of pacific $320,000 HOA $220/month https://www.zillow.com/homes/for_sale/2090937594_z...2 bed 2 bath 2 parking space in unit washer and dryer with a gym in the complex located a block or two away from where they are going to build a brand new trader joe's $595,000 HOA $486https://www.zillow.com/homes/for_sale/111919528_zp...Feel free to ask questions, blast me, make fun of me all criticism is welcomed so I can learn.Cheers!