If you want properties larger than 80 units a broker relationship will be key to getting you those deals.

In my smaller commercial deals yes I did get the tax return schedule E (bank typically request it too), but on larger deals Sellers declined to provide it and broker said that's fairly common. 

Do you take on value-add properties (i.e. properties that require renovations)?

Historically, the S&P 500 has provided a rate of return that is likely twice what your conventional mortgage rate is.I would not consider paying off a RE investment conventional mortgage off early except to take more money out (i.e. a refinance pays off one mortgage to get replaced with a larger mortgage). 

@Cherrell Thomas cash flow is the profit that's left after debt service, property taxes, property management, common utilities (if any), reserves for repairs (small things like leaky faucets, AC servicing, etc), and capital expenditures or capEx (larger things like a new roof,new HVAC, major plumbing overhaul...these are treated differently on taxes, written off over a specified longer period) and other expenses.The first item I mentioned, debt service, is where the answer to your question is.

The very experienced are often working on larger deals anyways.Good luck.

I have five townhome condos in addition to a triplex and a larger MF.

I work full time as a contractor managing $100K-$750K residential renovation projects.

Hello BP -I'm a real estate broker here in Long Beach, California and I have a client that would like to sell his condo rental, that is paid off, and do a 1031 exchange for a larger multi-family property.

They buy foreclosures for pennies on the dollar, renovate them with their own contractors, sell it to you at market rate, and then manage it for you.