The 50 unit, bare bones apartment building will have much lower expense ratio.

On the other end of a fence I've seen condos with fees that barely cover the common area expenses and do not save anything at all for larger expenses. 

Problem is that most guys around here get marginal deals under contract at a price that is barely a deal (if at all) and then try to get a $15K fee on that.

Reason being is I just bought my own house with VA financing and I barely qualified to get into the place i am in now.

Break even is more likely, but it would be tough to pay more for waterfront when it rents for just barely more than the house a block or two from the beach. 

They seem to have good loan options for multifamily investors but there is barely any information about them on the internet outside their website.

Thoughts on pink cast iron tubs?

I fixed up the other unit with the bare minimum and house hacked.

We've found that we double our rent with MTR and barely ever hear from the people.

I can't say much now because a lot of this could end up in litigation, but man, there's nothing like REI to give you stories to share.Almost every day is an adventure, and most of them are barely on the edge of believability.