Great way to build a business and a rolodex of listings/sellers.

This does not align with buying most buildings in cash.Once you progress in your investing efforts you may come across more UHNW individuals, family offices and institutions who would take the lower return for limiting risk (all cash deal).

Building a solid team is another crucial factor.

Hey @Sidney Duquette so I am not a fan of buying properties that can't perform with the hopes that it will build equity to offset the losses.

I completely agree that personal interaction can go a long way in building rapport with guests, especially when you're trying to create a memorable experience.

I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

If you're open to exploring new markets, this could be a great way to pick up properties for cheap and build cash flow with a much smaller upfront investment.

Depreciate 75% of the building value (excluding land) over 27.5 years for significant tax savings.

Insights on cap rates for apartment building in 44313? 

If you'd ask this question while still employed I'd say apply the $8500 toward knocking down the debt quicker but since that is not the case I would build up your reserves to about 6 months then begin applying those funds to bring down the debt.