YOU BET THERE ARE!

Due to the high costs of HMLs, cash or a WLOC (that's already in place) are your best bet.

Improving your math skills if they are not great is another key skill.Part-time work: Property management, construction, sales in a hardware store, almost any sales job where you are dealing with the public on a regular basis, working as a support person for a real estate agent who is very active (marketing, web support, etc), admin work for a mortgage broker.

Im also a Licensed Realtor in the State of Florida My first project we bought sixty acres over looking the Pacific/Gulf of Nicoya [web site removed].

Some banks have web sites for their REO properties, but if you find one there, it is likely to already be on MLS or it soon will be.

Finding companies on the web is a good ideal but sometimes referrals are better.

Untill then keep chasing your dreams and remember that I bet every investor on this forum that has done any significant number of investments have had good ones and some that weren't so good, the key is to learn from both, and the only time you truely fail is when you stop trying :mrgreen:

Or like a good friend once said, "Young man, try not to bet so much on the come!".

You've already seen what a 25% vacancy on one unit does to your cash flow, and assuming the houses are similar house/similar market you can almost bet you're looking at rent roll backs in future.Assuming youf FMVs are correct I'd be out of these things so fast it'd make your head swim.

I never bought a multi unit apartment complex but if I was you could sure bet I will be doing more investigating on NOI than just a cap rate or 50% or gross rents.