I pay more, so I can get out of debt as fast as I can.

Even if your unit is amazing quality renters might not want to be there because of the other buildings or other landlords are dropping rent fast rather than updating the buildings.Pro for bigger complexYou can scale the business effectively.You can control the whole look and feel of the development and tenant base and not be as affected by outside forces with your investment.If you by a large enough size you can employ a full time property manager and maintenance person so you can truly be hands off and passive.Cons- Harder to sell - I disagree with this as typically house investors or little duplex etc. is a different buyer base than a larger apartment building.For example I have a large buyer base of multifamily buildings because that is what I focus on.

You'll find your people fast!

When I wrote this post it was in response to areas such as O.C. where the market for fast deals at cheap prices has pretty much evaporated.

Look around and ask questions -- It's a fast way to start learning.Continued success!

It's easy to make bad decisions when activity slows down.What's surprising to me right now though is how fast LISTING prices on typical homes appear to be rising.

In PHX metro I would say that rents are flat while asking prices are increasing very fast.

.- The budget 15% for renovations- I remember reading somewhere they estimate 40% in expenses (vs the 50% rule inthis forum)- Their average age of properties 14 years.I know a lot of people on this forum says that property as run up really fast really quickly.

I know I pulled the trigger too fast on this buyer.

(how fast do I have to move?)