(Not many 1 bedrooms in complex have a garage & most comparable units in area do not have W/D in unit)Purchase price: $51,000.00 (cash deal)Note: Small assessment paid by seller at closing.

In my opinion, to achieve any kind of true diversity, I think you would need to buy something on the order of 1 SFR in Ohio, a duplex in SF, apartment complex in miami, and a bed and breakfast in phoenix.  

Who has some good books they'd recommend for buying and holding apartment complexes?

Due to this, I have been thinking about diversifying a bit (outside of Memphis) and buying a small apartment complex or fourplex in Utah. 

I am looking to purchase a 4 unit apartment complex and living in one unit.  

If they decide that all the condos in the complex need new driveways, you will be REQUIRED to pay your share of that cost.

If the answer is none, you're going to have trouble getting financing for a $10,000 car, much less a $4 million apartment complex.4.

Its sort of like the IRS considers flipping a job, rather than a RE investment.Income from buy and hold properties can be tax advantaged, as you can take depreciation, a paper expense, and recognize the gain at time of sale as capital gains, not regular income.1031 exchanges are very complex.  

Go on a diet, this reduces your caloric intake and forces you to eat less meaning you spend less at the store.

I am a Commercial Real Estate appraiser & am currently appraising a 48,000 SF industrial complex (four 12,000 SF metal buildings) in Adelanto, CA in the High Desert of the Victor Valley.My building and two others are In Escrow at HUGE price increases over what these buildings were selling for Pre-MJ Ordinance by the city.