I'm a Premier banker (works with affluent clients), my partner has healthy cash on hand, but we are looking for deals beyond MLS and Craigslist.

And since many of us multifamily investors are not limiting ourselves and some are outright greedy and thus destructive to healthy capitalism, someone else in charge whose job it is to have their eye on the common and greater good of our tribe will need to step in.

Still a healthy profit though!

I partnered in a Joint Venture with Thomas & Holiday Holdings who gave me access to their team and provided their knowledge and experience in Real Estate to make this happen.

(Eg 1 unit can only be 100% occupied or vacant. 50 units at 50% vacancy is still 25 units producing income. 200 units at 50% vacant is still 100 units producing revenue) 3.You have the ability to utilize OPM to acquire property and still make a healthy profit for you and your investors4.

If they are on the same lease, they are usually jointly responsible for the lease. 

If you stated you have a primary and you rent; the bank will count 100% of rent amount towards debt, because you are most likely jointly and severally responsible for rent with your girlfriend. 

When I was an undergrad at MIZZOU there was a wonderful college pizza joint. 

My opinion is move forward with a healthy balance of debt free properties and leveraged properties.

And this was in healthy markets with people saying the same things.