What is a Notice to Quit?

The capital loss eats your gain, there is no limitation. 

I quit my job a long time ago and don't really want to have to go back.

I had more than on contractor borrower of mine that finally figured that out got enough equity from relatives and now they are doing quite well and no way we can compete with them.but you start moving up north of 750k to purchase and unless your in the Bay area or prime LA  that does knock out a lot of competitionand you also have to remember this poster is paying CASH  HUGE difference as she has no cost of capital most of us need to borrow and if your borrowing HM which 95% have to as banks really don't service this niche ... her carrying cost ona say 700k project would eat up 20 to 30k EASY.. 

But as soon as you start to consider capex on a 10 or 20 year scale you will find that it will more than eat up the cash flow.

If it’s a $20M apartment complex (just making up numbers) it’s a way longer slog to get things set up, get funding commitments, etc. in a way that will get you taken seriously by a seller.So, ummmmmm, I don’t think it’s quite the layup question you think it is :)

Many BP members are quite aggressive and proactive regarding risk and I remain intrigued at what they do. 

The domino effect will eat your equity as well as life savings.Unload the properties while you think it is the peak price. 

There's quite a few small multifamily buildings in the area (2-4 family buildings), which is more what I'm leaning towards.

Get more income, stop going out to eat, get a Roomate and do whatever you have to do to GRIND down these balances on your credit cards.