I look forward to building prosperous relationships with this amazing community!

Would need to know about locations of your buildings and current rents to see if there is anything that can be done now to get numbers a bit better.

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

It looks like you are doing an affordable build based on the cost but hard to say since you didnt provide info on the build itself such as square footage and finishes.

Or building out systems like CRMs.

I actually had to do this recently as I also plan on doing renovations to a 3 unit building. 

If this is your first property, you could consider starting with a smaller apartment building and going after the opportunity first, and the property as a secondary consideration.

With a Condo, couple things to note:1) Financing can be a challenge, but as long as the building is in good condition, you should be fine.

We also buy the rentals we lock up and offload some too so I'd suggest doing your marketing in the market where you want to build your portfolio. 

Try to build new in freedom hating states.