I actually called Citi Mortgage this morning too and was told that they will only do #5 - #10 if it is a primary residence, not an investment property. ...That sounds SO retarded - like anybody (other than some movie star / jet setter) would need to live in properties 5 through 10 ...When you talk to them use the idea I'm pointing out, just don't word it as harshly!

You hear on occasion about the super star fund managers getting more, but nothing close to the amounts that these note funds retain.  

If you are willing to spend money on this then co-star and reonomy are great choices for apartment list.

There are lots of brokers out there, western star is one that is a sponsor of the rpoa.  

@Wesley Raye that's great Wesley you at least were able to secure a property at that time.

I also have my own business providing Leadership Development (Corporate Training) and Executive Coaching to (mostly local) clients such as Daimler (Western Star), Trimet, Oregon Dept. of Transportation, Bonneville Power Administration and others.

. $4000 per unit is budgeted in my underwriting for renovation.Building Qualities – 6 buildings - 33,200 SF● 1 bed 1 bath – 550 SF – 8 units● 2 bed 1 bath – 700 SF – 24 units● 3 bed 1 bath – 750 SF – 16 units● Two-story● Individually metered electric, landlord paid water● Central heating and air● Copper Pipes● Built: 1975 ● Pitched roofs – All replaced in August 2007● Onsite laundry facility – Units purchased 2012● Parking lot resurfaced 2005● All units in good shape, with minimal cap ex required● 1 mile from 5 star public middle and high school● 4 units recently renovated with $100 rent increasesThis is definitely a tertiary market, but population growth is on a slow rise (1% from 2010-2016).

Co-star is a great resource but not cheap. 

There was a poster on BP a while ago who was starring in an HGTV show (not sure it was HGTV though) and he posted about it.

Seems to me like being able to do a 1031 exchange is possible and would be great however the stars have to align just right for a deal like that to be successful.