Generally the time horizons are longer and you need deeper pockets.If you have already had some success in SF rehab, moving to apartments is not as different as moving to development.

Hi Everyone,
I recently started a Marketing Company that helps VRM get listings. I'm getting good results for our clients with postcards and some paid ads, but I'm looking at implementing cold email and cold calling ...

Perhaps, it is best that we terminate the lease because I can’t continue accepting late payments until the lease is up.  

Being my first deal in real estate what would be your advice to me and what deal would be best for a first property. 

Yes you can raise money for deals and you put in the sweat equity in exchange for cash.

Is anyone familiar with the real estate market in hot cities in Mississippi?  

Quote from @Kevin Akers: If you have everything else in place (financing, permits, etc) and have underwritten the deal where the numbers make sense you can work on raising the 50K from private investors. 

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

It depends upon what your current rate is, how much equity you have in the property, does your current financing have a prepay, and what your plan is for deploying any cash out.

Quote from @Stuart Udis: Have done over $15,000,000 in originations in the past 9 months and likely originating an additional $5,000,000 before end of year.