There are more rules around this and it can get pretty complex, so I'd definitely speak to a CPA if this is the ultimate route you decide to take.

Hi, My name is Ashton Ilsley and I am 18 years old, I have for the past two years had the thought of Real estate and “owning apartment complexes” pop into my head countless times.

So there's always a tradeoff between complexity and protection.If your main goal is to sleep better, get an umbrella insurance policy.

Why not look for apartment complex below $2M and build your record from there?

Lastly, if you're in a condo, there are a lot of unknown as far as neighbors in very  close proximity ,and you don't know their screening.. granted this isn't specific to condos, but it's just the proximity of neighbors and such... we have a rule about avoiding apartment complexes for this reason!     

Do private companies pay percentages to these apartment complexes for sign ups?

Although I feel the residential single family homes are a bit more 'protected' now than they were in 2008 due to more Fannie Mae backed loans and lender regulations, I get the feeling that commercial complexes (multi unit apartments in particular) have been built at an astounding rate for the past 7 years.

Here are the details: Property: 4 br / 4 ba unit, 1250 sq ft, in MF complex with individual lock-able bed/bath suites Rent: Currently $1600-$1700 in identical units Target purchase price: $135,000 Monthly HOA Dues: $200 Prpty Mgmt Firm: $165 (10%)Monthly Taxes: Approx. $200I have access to financing with no PMI at 3.25% through the credit union.

It is 10 unit apartment complex.

@Michael Lauther,Your question and situation is extremely complex and delicate.