Have complementary skillsets and spell everything out in writing.I think folks just need to understand that buying rental properties is a business small medium or large... same principals apply like what your talking about.. just because in the US our lenders allow for this aggressive leverage situations for inexperienced investors does not mean one should just go hog wild  when they start..

It doesn't stop here though, because the addition of the apartment added massive value to the home we are able to access more equity which we are going to use to build 2-4 more units in our back yard (we have a large backyard that runs all the way back to the other street. 

It makes a big difference when you are trying to scale your business initially.

Work on building systems that will allow you to scale by having other people take over the low value tasks that you're having to do now.2.

I have good theoretical knowledge and deal analysis skills, but I lack experience in large deals. 

I have good theoretical knowledge and deal analysis skills, but I lack experience in large deals.

We live in the metro Louisville,KY area and are looking to start small and hopefully scale our way up.

Because it's a compounded calculation, it can turn a small investment into a very large one over many years!

HOA is $175 per month.This property is in a great location... located in a large urban park in a historic neighborhood currently undergoing serious gentrification (hundreds of millions in multiple residential/commercial  developments all over the neighborhood, both city and private money).

If you are willing to speak to a smaller commercial/portfolio lender you might have the opportunity to do so, but it is still pretty rare.I am assuming you are looking to scale quickly or have a deal that you don't have funds for that is a good buy?