The learning curve will be steep, but my longer-term goal is to be purchasing apartment complexes large enough to support on-site property management, leasing agent, handyman, etc., so I figure get used to the commercial real estate business and help myself get to my long-term goal a bit faster. 

@Caleb Heimsoth said so very wisely.. a complete waste of money.See my sweet Carmen (I am being nice to you because I will assume you look like Carmen Diaz...but if you don't...

Has anybody dealt with somebody selling a multi family complex that has tied in their personal expenses. 

-I bought in a complex with a tight community where I had existing friends/contacts.

@Kathryn Daniel @George Skidis do you know if any of those laws apply specifically to single unit rentals, larger complexes, or all types?

This is an enormously complex, difficult arena with a hundred issues. 

and, thus, commands a higher price, i.e. not in the "sweet spot".

@Gary Bahl There are a ton of deal analyzers out there, some more complex than others.

I was in the military, moved into a career in technology and healthcare and have recently transitioned into management consulting.I'm interested in investing in long term buy and hold 2-4 unit properties, possibly shifting to small apartment complexes in time but for now my goals are to 1.) buy 2-4 properties a year to diversify my investments in a vehicle that will outperform the S&P and 2.) have a good mix of appreciating and cash flow assetsI found Bigger Pockets by listening to Paula Pant's podcast, Afford anything but not everything. 

This is one of the deals I am looking at it's an 18 unit family unit apartment complex in an excellent area where the rent's similar will go for higher.Here is the deal:Asking price: 2.8 Cap Rate: 6%Avg monthly rant of all 18 rental is: $1200 * 18 = 21600 a monthYearly revenue of $259,200Vacancy: 5% (12,960 ) - I know this is lowNOI: 246,240Exp: $74,000 a  year (30% of the NOI) I know this is low as well.