He told his coworkers he was going to go a million dollars ( this was worth more in the 80s, not so much today) into debt to build new apartment buildings and storage units.

Her reasoning: she doesn't want a family of 5 or 6 using the unit and causing more wear and tear, doesn't want people with pets, and feels like the 2 BR units attract retired couples that may have an occasional visitor.

I bought my first house in great neighborhood few months ago at Auction with built in equity. it's worth over half million.

This isnt a create millions overnight thing, something I've always wanted to do though.  

Honestly if I got to the point of making a million dollars a month i think i would still go to work at my job.

On a high level, it seems really attractive as I can get a loan with 3% downpayment and no PMI or use the LPMI program where the lender pays the MI (I know I qualify for the loan).

@Teal Cross hey there what price point are you hoping to attract.

Most folks start here, (1) Because they do not know any better and (2) The price point is much more attractive.

My question is what makes a Management company Attractive to you? 

One of the attractive things about real estate is the ability to put your own time/energy into it to increase dividends.