I know it is more complex than that but I'm just trying to understand the scope of that area.

Then I will purchase 1 large apartment complex with approx 20% ROI netting me the $100k/yr passive income.So, why Phoenix AZ?

It's used a great deal here in California for educational purposes.People will deed their farms or other large estates to a University for a specific purpose like agriculture and veterinary medicine programs or to build a sports complex in their honor.

I’ve just completed my fifth Texas complex acquisition and am looking for another owner/operator to learn from.

Does the lender understand the complexities of underwriting guidelines for investments?

Buy a single room condominium, rather than rent. - It would cost less than rent after a down payment be rentable when we can finally get an multifamily property.2.

@Jameson Sullivan, Actually, I did this once with an apartment complex.

We don't want our parks to turn into something like an apartment complex, from a maintenance side of things.Thanks for the info on 21st Mortgage.

I purchased a 20 unit apartment complex in South Bend, Indiana last year, and I now tell every investor looking out of state to start by identifying potential third party management companies.

I did odd jobs for the leasing manager at my apartment complex, i.e. painting, cleaning, etc.