@Jay Helms may have some great input as he's done a BRRR with an apartment building as well.To my knowledge, you can BRRRR the same way in commercial as you can in residential, simply because it's Buy distressedRehabRefinanceRepeat

We have tried both short- term vacation rental and a high breed of short-term vacation rental in summer and rent to students rest of year.  

I remember a decade ago investors wouldn't buy in Texas because "they breed houses like rabbits".

Private success breeds more success. 

Compounding out your investment and using the returns to generate more income that can in turn be reinvested.

The experience of finding the loan and seeing how commercial deals are done was eye-opening, and I developed a banking relationship that will almost certainly be helpful down the road.I definitely want to use 30-year notes for everything I can in the future for cashflow, but now I have seen firsthand that there are always financing options when conventional won't work if the deal is there. 

Hi Kyle,I have similar goals to you, just starting as a REI, going head first into multi-family and looking to learn as much as I possibly can in a condensed manner.

I say that, because my goal is to acquire as many units as I can in Sacramento before it turns into San Jose!

Instead, find other cash to invest with.Defined-benefit accounts are a dying breed - majority of the risk is on the employer/taxpayer (depending on who the employer is.)However, if your "pension" account is "defined-contribution" - majority of 401/403/457s are - it's a fair game to roll it over into a self-directed account to invest in real estate.

With that said, I like to use small local banks for as much of my real estate needs as I can. In