One of the best things about apartment complexes is having multiple units at one address. 

This is a follow up to the thread I posted here: https://www.biggerpockets.com/forums/311/topics/59...It appears that multiple buyers can get a joint residential mortgage together, so that is solved.My question now is around condo conversions.

Pay off the Mortgage and pay off the Heloc with the Rent ($1000) - Expenses ($245), which with simple interest payments comes out to 4 yrs 6 months to have the house free and clear, plus you pay a micro fraction in interest over the less than 5 years.Then part 2 of his strat for advanced investing he called it, he said the typical lifespan of a rental is 7yrs between light rehabs, since you payed it off before the 7yr mark and it appreciated about 10% conservatively, you sell it, and do a 1031 exchange and roll the 100-120k profit into a house that the 60% down payment is within that last rentals sell profit or buy multiples and run the Heloc strat again. 

Building a team is really important and as Kendall said, there are certainly poor vendors out there. spend time vetting multiple possible vendors, have backups, and build relationships.

There may be multiple brokers working on your deals all under 1 roof.

Then, within the following 5 years, (now at year 10) I hope to begin building multiple syndications and eventually a FUND!

Of course using the best tax free method of cash reinvestment available at the time1) Some lenders have 2 sides to their bank; find multiple lenders who do commercial lending.

So the answer could be either hold pat, or diversify into multiple smaller properties, or do a partial exchange.  

Multiple threads.

I have multIple SFR but this would be my first multi famIly.