You also validate via a questionnaire whether the potential lender is "accredited" vs "sophisticated" another big topic in and of itself.Each state has variations of how many accredited vs sophisticated investors you may borrow from.

. $3milCellar, GF & 1st Flr: Rented until 2020 - 9k/month (5% yrly escalation) 108k annual2flr - 3rd flr: Rent comps show I can pull in tenants at $6,870 /mo $82,440 annual4th and 5th Flr - owner occupied 2bdrm and I am renting out 1 room to a friend for 1k - market rent is ~1.5k.Financials:ROI: 190,440Expenses: 19,950NOI: 170,490Price: 3,000,000Cap: 5.6% Reason why I like this deal - Great property in an amazing location - RE tends to appreciate by 7-9% annually and a high demand renter market (close to 6 diff universities including NYU) Space for me to live is a duplex that I can share with a friend =) So because of the equity appreciation, I would not mind if I can buy this with even a few hundred dollar monthly spread.

I am currently in the process of acquiring a three floor apartment building in an up coming area near a local University.

I tried to make this reference in my earlier posts, but perhaps was unclear.In our small City (pop. 60K) there are two universities (pop. 15K) - a 3-bedroom or 4-bedroom apartment will let for the almost the same amount as a SFH with 3-4 bedrooms (1000 - 1600 vs 1100 - 1600/1800).

William,Thanks for the feedback.The soil will be tested - Fredericton is a university and government town and the area of the properties involved is not big-city "urbanized".

Get your accreditation and then go looking for a firm or have a firm to pay for your education?

I believe my personal growth mindset combined with the skills that I have built through professional and university experiences could add value to your group of investors.

The I believe the group that does CPM and ARM accreditation sells a cost of doing business book that breaks down typical expenses for apartment buildings in different area of the country.

After all it wasn't our fault the universe did it to us and damn those ruthless business people out there that have us sign a contract that explains the benefits and consequences that go along with it.

Very enticing indeed.I am a civil engineer from Purdue University and have resided in the United States majority of my life.