It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

Just know that the majority of those in the 'education segment' of real estate are presenting you their information to make the speaker money... and if you happen to benefit too... that 's great!  

The vast majority of these units I purchased using private financing with $0 out of pocket. 

No major issues so far. 

I remember working with a client a couple of years ago who wanted to do a 1031 exchange into Phoenix multifamily.. they had some numbers in mind, but no framework beyond “I want more doors.”

Self employed and not self employed both have advantages and major disadvantages..

And all of this happens during the contract period reducing purchasing risk.Great strategy especially when practiced just on the outskirts of a major metro area in a country setting(a weekend getaway property that can be marketed to city folk).  

They may just lay off a little when next major assessment/revalue comes. 

By not putting all your capital into one deal, you protect yourself from major losses and keep your portfolio more resilient.

Seems like when some of these sell, they need major capex.