Our lease at our rental ran out in May, and we have since signed a new lease in Chapel Hill for 12 months, to read as much as possible and save as much as possible, and watch the market over the next 6-8 months before trying again.I would love the opportunity during our hiatus from putting in offers to shadow someone through the process of a BRRRR or other technique, be it on a SFH, 2-4plex, or even apartment complex.

My ideal rental is a duplex on up to a large complex. 

This is a lakefront Mobile Home park.I have a banker that provided me a letter on an apartment complex I purchases, but he will not underwrite parks.Can anyone point me in the right direction?

And if you buy an apartment complex, or 10 of them, it doesn’t cut into my profit potential.

BP Friends,I was watching my local market, as I always do just to keep up, and I found a 6 unit complex that is 120k. 

AND we are closing on another one in the same complex in two weeks that we are buying for $109k so assuming it rents the same we are talking about 2.2% PP for that one.

Purchase price: $55,175 Cash invested: $19,150 3/2 apartment in a complex.

For comparison the average one or two bed apartment in my area is 450-550 and these can be bought all day at a rate around 12-15k per unit But if you buy this You will have around 21.5k in each of those * plus what ever the rehab costs are which may run very high on a apartment complex with that many units.

Erica,This is a complex situation for a beginner. 

There are big institutionally managed apartment complexes that have been dropping the rent by 10-15%.