If its in an account that's managed by some financial planner, doesn't matter.So, there must be something more complex going on.

A week ago he got caught bringing a large moving truck into the complex, turns out that he was planning to move somewhere else and I instructed the security guard to refuse the truck's entrance, later on the day, he and his family had gone from their house without brining any item/furniture from the house and had yet to be seen for a couple of days.

There is an apartment complex where I live (SE TN) that has always been appealing to me.

There's an interesting and somewhat complex dynamic to these types of towns.

In more complex transactions there are other approval clauses such as getting permits or entitlement approvals, environmental studies or details evaluations of mechanical systems.You posted in the Rehabbing and House Flipping forum.

As my profile mentions, I'm an aspiring buy and hold investors; I'd like to cut my teeth in singles or small multis and eventually grow into the larger apartment complexes and potentially storage facilities.

My situation however is quite complex to say the least and I could really use the advice of some seasoned investors in a less public forum.

Graduated from the University of Minnesota Duluth in 2012 and moved back to DFW in June 2013 to be a real estate investment partner with my dad who is out of Colorado Springs.I'm a member of Lifestyles Unlimited and am a small passive investor on an apartment complex in Arlington.I have been trying to educate myself more and more about REI since June while working full time at Fastenal in Ft.

I found this property on loopnet.com but it seems too good to be true:5-unit property for sale $369,000 (7,000 sq ft - 1400 sq ft each unit)3 BR / 2 BATH APARTMENTS; LIVING / FAMILY ROOM, KITCHEN; DINETTE WASHER DRYER HOOK UPS; CENTRAL AIR & HEAT2012 GROSS INCOME: $55300*/NET INCOME: $41298Note:Gross income includes $900 month for apartment # 520 which is currently occupied by manager (manages several complexes for owner) for which currently no rent is paid.

My Investor-Friendly realtor recently presented me with an opportunity and although im interested i think there is some complexity that puts it a little out of my realm of understanding.