I just moved back to the Bay Area from East Mesa (ASU Polytechnic Campus) and I can put you in contact with someone who wholesales apartment complexes in Maricopa County.I also have partners in San Luis with commercial land near the commercial port of entry and medjool date farms for sale.It would be great to be able to pick your brain when I do visit the valley.

We ended up talking some real estate and this individual (Jeff) noted he recently bought 5 of 10 units in a condo complex.

This doesnt fit my logic because I am not banking on appreciation, only the cash on cash return, which I guess is more suitable for larger complexes.

I've been doing a lot of reading and listening to podcasts and I'm anxious to start but I want to make sure I'm not missing something as I start to evaluate the properties and think about syndication.I have a partner I took on for the last couple of properties I have acquired and both of us are anxious to get started.That said, I have found a couple of apartment complexes that seem to be a pretty good deal.

I always hear someone investing in apartments complexes or retail office buildings.

This is consistent, for example, with the intention of the legislation that the supply of a used residential complex, personal use property or qualifying farmland by gift or upon death is exempt under section 2, 9 or 10 of Part I of Schedule V, as the case may be, as an exempt supply of the property by way of sale even though there may be no agreement to transfer ownership of the property.

This is a pretty complex process, but could yield some very impressive results for you and the area.

Are new condo complexs being built close-by that will drive rent prices up? 

The densities go up from there.There are also a number of urban planned districts with variations on density and also often permit mixed residential/commercial.It's a complex matrix of different things going on, as I'm sure LA has too.The area governed by the City of SD is large, but the zoning details of the other cities within the area (La Mesa, Lemon Grove, Chula Vista, Poway, etc) have very different vocabulary.Long story short, there's really no equivalent to a "you can build two units here" zoning.  

There isn't much you can't do with these two, besides complex scheduling and costing, and they are easy to format to your needs and preferences.”