I can afford the downpayment and mortgage, but I don't want to over extend myself on the first property (looking at rental properties, a 6 unit apartment complex).

@Mike M   It would be nice if everyone had the same pull with PM were they did not have to pay placement fee';s or mark up on certain repairs  and could get the rate to 8%.My business partner from Honolulu who owns a 80 unti and 40 unit complex in PDX he only pays 4% management but is required to have on site manager.. so no placement fee's.A lot of what is marketed for out of state folks is TK and as such depending on the area the management issues are real and intense..

Commercial is more complex and involves a higher degree of understanding and knowledge where residential some agents can fog a mirror and get a license and attempt to sell a residential property.

They don't understand reality and instead try to fool the public with a bunch of complex gibberish.

Easy commercials from residential, IMO would be small apts, a tract of duplexes in a development or similar complexes.

I make my living flipping houses and apartment complexes, and make my future with rentals, both single family and multifamily.

**MISTAKE**Getting close to closing a APT complex and in my budgeting I used the current sellers insurance expense as my actual expense.

Is that like a condo complex? 

The rent was $0 when it was crappy looking.... see above, the complex was owned by a charitable organization.  

I don't think that complex is "in" Palmer Park.