Justin Dossey u, There is always a deal to be found.

shoot me a PM I may have a lender for u but it will really depend on the rates you are looking for 

CA is not one of them.apartment managers that LIVE ON SITE do not need to be licensed but the rent still has to be collected through a license brokerage.. the on site manager just pass's the checks or rent to the licensed brokerage and there job is showings and day to day maintenance etc.. also referring tenant issues.. what U describe is a licensed activity.

Do your due diligence carefully before u select a partner.

when U get to Oregon if you are coming to the PDX metro area..

@Brian Burke  that line always cracks me up.. "  have a great deal and the money will find you" or inference that all U need is a great deal and its no sweat to raise capital.. not in my experience . 

Mostly U/W will wave that expense. 

Chris, have u ever thought about starting out investing in duplexes?

You don't know what u don't know.

Yes, u can sell equity to other investors.