Condos near the new large apartment complexes tend to have longer time to rent and lower rental rates.

I'm looking for companies that finance small apartment complexes in Orlando, FL.I,m also looking for Small Apartment Buildings to purchase in Orlando, FL

At one point (not sure if it is still in play), complexes that had more than 30% that were rentals were not eligible for these programs.Once these complexes were no longer eligible to meet these requirements these units sat longer and even lost value.

He is still trying to find investors, but I don't know why it was not sold for 6 years...www.empiresilkmill.comhttp://citizensvoice.com/news/developers-spin-silk-mill-into-new-living-complex-1.1367502

If you buy 2 multi's with the money, you can trade them up for a small apartment complex after 3 years by reinvesting the cashflow, appreciation and equity paydown.

1031 exchanges are very complex vehicles provided by tax law.

And once you get up to 6 or so, trade them in a 1031 for a small apartment complex, and then trade that up for a large one after 2-3 years.

Hello,I am relatively new to the BiggerPockets forum world, but I see the value in the community and intend on being a frequent contributor.Currently, I am a full-time real investor who now owns hundreds of single family homes and duplexes and a couple of small apartment complexes.  

Like Jenkins said, location, location, location - that (and the size of the complex) were the first things that stood out to me.

To me, any prolonged vacancy will cost me money that I can't afford.Third, I lived in a complex with cheapo owners, and one year they have to collect a special assessment to keep the utilities on, because they were months behind.