I am interested in one day building to larger apartment complexes and have always wondered myself.

The only time I have ever hired an inspector was for my advantage for a price reduction on a offer that was accepted. 1000 is the most I will do for earnest money.

Have you ever done this before?

A lot of out of town buyers end up getting stuck with a house that needs more in repairs than it would ever be worth. 

Avoid ever working with a GC by the name of Robert Steele.  

If you are planning on hiring a property manager (or if you think you will ever have one for the property, even if you don't have one now), they usually will charge around 1 months of rent for just placing a tenant.Even though they are a condo and townhome, that is a tiny amount of cash flow each month.

If you ever plan on amassing a large portfolio, you simply can't scale if you're loosing more and more money the larger you grow.4) True, my shared investments are certainly more complicated.

This gets even worse when you start building a larger portfolio.

No one ever amassed a fortune by not spending without first having acquired a massive income.The entrepreneurial mind, on the other hand, says, "Where can I invest for the best return?"

I specifically focus on retail these days but in the past did larger apartment buildings but they are cap rate compressed now for the most part.To find a broker or agent you need to define what it is you are trying to do.My clients minimum purchase 1 million or higher in price.