hi Steve, the only problem with buying a condominium is you have no control of the HOA they can restrict a lot of things that you can and cannot do.So if you're looking to buy it as a rental you may have a problem with that.

I am relatively new to real estate investing, and I am looking to invest in single and multi-family properties (and one day apartment complexes).  

If/when I have $1M, I would look at investing it into value-add or income producing multi-family apartment complexes or retail strip centers.

It has taught and (still is) teaching me about the complexities involved.

I also managed a 24 unit apartment complex while going to school.

The Stanley Mickelsen Safeguard Complex (SRMSC) is an Anti-Ballistic Missile complex which was developed to preserve the United States’ second strike capability against Soviet nuclear missile attacks.

What are some of the common expenses involved in buying a multi famialy complex?

A few years ago, when financing was low for construction, there were huge apartment complexes going up in Ithaca, NY but were bound to sit vacant for awhile.

The complex I was renting from awhile back wanted me to add my child once he turned 18 and I thought it was foolish.

Couldn't you buy the 2-4 unit as your primary residence and then by the apartment complex?