The financial considerations are the same for the two categories you defined, cash flow!

Your future cash flow is defined by the interest rate and P&I payment on the note itself and your purchase price has no bearing on that. 

I read more about soft skills than I do about "hard skills" such as contract writing real estate law appraisal theory mortgage financing property law construction building codes design marketing Soft skills are defined as:  Interpersonal and relationship building skills that help people to communicate and collaborate effectively. 

Its much harder to define the chances of a tenant wrecking a place. 

Best way is to come to some BP meetings and start meeting people to start defining where you want to start.

@Danielle Jones define what type of person you are looking for and search for recommendations/ referrals.  

You can't define what her family might be especially with minors.

In the past when I was putting contracts for bid I made it clear that one of the terms was that the scope of work defined had to be done for no more than 10% over the bid price, and that went into the contract.

Hi Anita,I do commercial transactions.The first thing you need to do is DEFINE what you are talking about buying.Lot's of inventory in DFW.When you say apartments do you mean a duplex, tri-plex, quad??

You need a well defined approval process.