So on a 2 million apartment building you would need 200,000 down payment and about 15k to 20k for closing costs.If you wanted to put in even less you could bring in partners and split up the down payment but you would also be splitting the cash flow and future profits on the back end.

I know that it depends on what exactly your property looks like but something simple might be enough to bring it out of the 70's without causing an entire new facade to be put on.

Thats going to be the biggest obstacle for you to overcome initially.But if you can start buying at a slow and steady pace now, you're going to be sitting pretty in 10 to 15 years as your portfolio will have grown.10mil in equity and 500k in passive income is not going to be easy though depending on the timeframe you're expecting to achieve that in and the amount of money you're going to have to invest over the years.If you can end up with a 10 million property free and clear, you will very likely be able to bring in 500k in passive income if not more.

It can be very profitable as the entity pays a salary to the manager/executive director and helps bring the corporate "profit" to very little or nothing.Jake Kucheck or do you have other questions?

This will allow you to side-step your competition and be much more effective at finding some high equity deals.Depending on what kind of budget and time you have available to work with, direct mail, advertising and networking can all be huge avenues that will bring you some profitable deals pretty quickly.

Still I would like to know what would be the key words on this site to help bring out the most valuable information needed at the start.

I understand you'll only 'bring home' about 55% of the money that's currently showing in your account...but how powerful is instantly accessing 50-100k to use as leverage in good cash-flowing real estate.  

Thanks for bringing up the rehab, Levi.

At that time, the buyer brings money, usually a combination of their own money and money from their lender.

Then can figure out if it's a deal. your vacancies & repairs would bring it down 2% I'm thinking so cash-on-cash return 7.5%.