I just see too many buy hold people starting out playing loose with the numbers.

Also, thanks for your time and input, we will strive to seek out players that are already investing in the small to medium sized apartment space. 

I know this may sound a little crude but I will check out a property and see how many of the neighborhood children are out playing (especially near dusk).

Are kids out playing? 

These builds are cash in cash out play and rarely increase the property value enough to justify a construction loan.Id explore options with zero APR credit cards if private financing is unattainable.

@Irene LowDifficult to make anything cash flow with 6%-8% down, especially with current interest rates.Instead, look at it from a long term perspective: 3 to 5 years out. Play

I am trying to get an apt building and I will use 15% for CapEX there but I plan to use that money to do major upgrades to the units and get them in much better shape for an equity cash out play.  

It makes business sense to me.You should model out 10 years, play with your assumptions for rent increases at 1, 3 or 5 years out. Play

That said, some of the pumpers, joker brokers and newbies who think they can outplay the market amaze me. 

Conclusion.I suggest you build a simple spreadsheet or get a financial calculator out. Play