The plan in motion now is we have trimmed all the fat in the personal finances and are now beginning to bank sufficient cash to float my family so I can then have two or three of these properties at one time to ultimately do one big cash out refi in a portfolio.

I would offer a few recommendations on some great multifamily / apartment investing books that I have read so far:1) ABCs of Real Estate Investing by Ken McElroy2) Wheelbarrow Profits by Jake Stenziano & Gino Barbaro3) Multi-Family Millions by David Lindhal4) The Complete Guide to Buying and Selling Apartment Buildings by Steve Burgess5) It's A Whole New Business by Gene TrowbridgeGood luck on your journey!

A few reasons @Gene Vityugov1.

Feel free to PM me to discuss further.Best,Gene

So yes, if you can afford to put down $200,000 and see NO return from it for 25 years, but THEN you get a fat check for $1,500,000 (in 2040 dollars) when you sell (it should have been for $3,000,000, except for the great crash of  2025), then yes, many people use this approach.

I have only seen one name associated to this (Gene Guarino).  

Numbers are numbers, last time I checked they don't smack you or call you fat so I don't understand how they come with emotions. 

There's an old saying, "Pigs get fat, hogs get slaughtered."

I run anywhere from 50-80k in just overhead realtors taxes/recordation on both sides and interest (using a line of credit at 4-6%} and you need a fat spread to cover those costs.

@Gene Hacker Bakersfield is one of the most affordable markets in California.