I hear it can be done and be quite lucrative.

@Jimmy Johnson has quite a windfall with this very lucky investment.

I'm not comfortable quite yet with 20+units so I'm staying lower.

The compressor and heat pump all but quit working and won't heat the unit over 65 degrees (even after doing preventative work on them while it was vacant).

Yup - I've seen this discussed, but it by-definition limits the pace that you can buy, so it's actually quite rare.It's also rather difficult to qualify for a mortgage when you have 10 properties already.

My plan is to start with single family flips and multi family rentals for cash flow.Welcome Matthias,The Midwest offers some amazing value IMOOur group has moved to Toledo and we have bought quite a few properties in the last 4 weeks.I suggest you look into Ohio, Michigan, Indiana, Kansas, MissouriThanks and have a great day.

I've read quite a few of your articles!

They were the Alderman's "Boots on the ground" and could be quite "Helpful"John

The property I was interested in was an online auction and which was going to use a quit claim deed and I felt this could be a way to reduce risk.

The Turnkeys I have looked at charge quite a bit more to be in the areas I am in but your overall cash input would be less because you would not have to pay for the rehab in cash.