You can get an idea of room to room renovations costs that can be scaled to your market.

Initially I will finance using my own capital, but as I build a track record will utilize partnerships and other investors to scale. 

I'm working real hard on my first of the year I can't see how to scale to another 5 this year even.

Or do both, which I call the hybrid approach, be active w/some of you funds and passive w/other funds....you can then decide later like I did where you want to do more of....I'm gradually reducing my exposure to SFR and small MF because I want less headaches and I see more upside w/large MF apartments because of concepts like scale (300 units vs 1 SFR) and forced appreciation, essentially commercial property is valued based on NOI not comps as much (as SFR and duplex/fourplexes)...hence, if I can improve the NOI on a property I can exponentially create more value.  

consider that we have been at War since 9/11 so you can see what the effect has been not much it depends on where the war is the economy was not bad during Vietnam or any other altercations since then if you want to see what happens to an economy in a large scale War then look to World War II.

This is a post I made a week ago. https://www.biggerpockets.com/forums/62/topics/361...Judging by the lack of replies so far, I'd wager a decent amount of people are living in a fairy tale world on here and aren't truly prepared for things to go wrong, just worried about scaling - which is great because I want to scale too, but you need to do risk analysis IMO.

That said, even small scale landlording won't be entirely passive, for example, if you live there and self manage..

Even if OPEC decides today to scale back production it would take many months for the existing supply glut to rebalance and another 6 months to restart the wells and find the necessary personnel to oversee them bare minimum.Lot rents are going to go down more before they come back up, and playing a timing game can make or break you.  

He should be hitting economy of scale by now, so his buying power is about to explode if he is doing things right.A handful of years ago, a guy in my area pulled some investor capital and bought a bunch of houses while paying them 8-10% interest only, BRRR till he paid them off and upgraded bank financing.

It's the graduated scale and that income is just combined with all your other income for one tax bill.The key words here are "30 years".