But, if you get many properties it becomes much more feasible.The one owner I know of a LARGE complex just has 2 property managers. 

There are about 3 brand new large mixed use complexes within walking distance, that are renting from between 2200 - 3400 a month (these have pools, fitness rooms, restaurants and bars, all the frills). 

Deal #1:  1-Bedroom CondoRent:  $850 / mthTaxes:  1358.97 / yrCondo Fee:  $114 - INCLUDES HEAT, tenant pays electricNeeds roughly $2K in cosmetic workOwner Agreed to:Purchase Price:  $85,0004.5% interest ratemonthly payment of just under $413downpayment of $3500mortgage amount of $81500Important to note here, there are no comps in the last 25 years for 1 bedrooms in complex.  2-bedrooms have been going for about the $85K... so take that into consideration.  

Random question:What is it called when someone pieces together a deal on a big apartment complex, gets investors together to purchase it, and they get a share of profits without investing any money? 

I encourage you to look, but I would wager that you'll find 3-4 unit buildings and larger complexes to be more your style in and around Boston. 

I am interested in single family homes for wholesaling but later I would not mind buying and holding small apartment complexes as well.

I know that property managers such as people running apartment complexes can claim this.

The condo is in my business name which creates an additional complexity to the situation.

I am in for the long game and I was hoping people could give me some good reason why this isn't a good idea.Many thanks.Eric I have several properties under management in the area near Cerner's new complex.  

It's funny you mentioned the apartment complex across the college in Modesto.