At this point in time, I really don't know what my passion is - I just know that I don't want to deal with complex mathematics :-) a year from now, I may be majoring in Anthropology (I sure hope not, though).

I'm looking around the place trying to assess what it would need and remembered meeting a guy in the same complex who did a complete reno and said he put about $15k into it, (complete kitchen gut job, tile, carpet, bath cabinets, paint, moldings...the works) So I factor this into the equation.

This is not all that complex.

I personally think that when you company is that complex you cannot provide the best knowledge on all three subjects unless they are a huge company nation wide.

Ryan -- I would expect commercial lenders to be very skeptical of a neophyte taking on a small apartment complex, but if professional mgmt will be utilized, perhaps that mitigates those concerns.No question there are quite a few REO/SS apartment deals out there, where the prior owner simply overpaid.

This topic was discussing how to wholesale REO's and there is not just one way or method to do it and most of us have agreed that wholesaling REO's is much more difficult and complex than dealing with an owner where you can buy sub2, short sale, etc and wholesale it.

That is a very narrow view of a very large and complex market in my opinion.I do know that there are some other factors that have shown me reasons to buy there.

How would you enter the market if you wanted a confidence infusion and a low complexity scenario?

Greetings,I am in the process of purchasing a 32 unit complex.

I say that and I'm making an offer today on another apartment complex.