IT will only complicate your access to cash and leverage without having any positive benefits.

There's also a new graduate school there, increasing even more the demand for rentals, in this case higher end rentals.I'm drawn to the idea of a new small apartment. 

It won't teach you anything about real estate investing and certainly nothing about flipping homes.You'll also need to spend money to obtain your license with the state, and you'll have to pay your annual dues to the local board of Realtors for access to the MLS.

Six unit apartment building What made you interested in investing in this type of deal?

. - Small price to pay to have access to the equity.But a HELOC seems like a no-brainer, just as a safety net.

I’m curious to know what pros and cons, pearls and pitfalls exist for 10-15 unit MFH deals that involve a collection of individual houses from one development... as opposed to the apartment building type of MFH.

@Brad TarryYou can roll all or part of that old 401(k) to an IRA of your choosing, including a self-directed IRA that provides broader investment choices.IRA plans do not offer a participant loan feature as 401(k) plans do, however.If you are self-employed, you could potentially establish your own Solo 401(k) and then have access to the loan feature.If you will be joining another W-2 employer you could also potentially roll some of your current 401(k) into that plan such that you would have some capital from which to borrow.If you have an outstanding loan on your prior employer 401(k) that may need to be paid off promptly if you have terminated service. 

Everybody needs a place to live and apartments are one of the best passive investments and it makes money on day 1 if that is one of your goals and it can be a great long term investments.To do that type of purchasing of a minimum of about 32 units can afford a Property Management Company and still have a positive cash flow and each vacancy does not hurt so much.You do not need to have any experience to buy them,.

@Charlie MacPherson i have access to view tax address.

Apparently in the past month it was deactivated by Loopnet / Costar as they changed their terms, so they're no longer billing me and I don't have any special access above a free account.