One of the best things about apartment complexes is having multiple units at one address. 

This is a follow up to the thread I posted here: https://www.biggerpockets.com/forums/311/topics/59...It appears that multiple buyers can get a joint residential mortgage together, so that is solved.My question now is around condo conversions.

Pay off the Mortgage and pay off the Heloc with the Rent ($1000) - Expenses ($245), which with simple interest payments comes out to 4 yrs 6 months to have the house free and clear, plus you pay a micro fraction in interest over the less than 5 years.Then part 2 of his strat for advanced investing he called it, he said the typical lifespan of a rental is 7yrs between light rehabs, since you payed it off before the 7yr mark and it appreciated about 10% conservatively, you sell it, and do a 1031 exchange and roll the 100-120k profit into a house that the 60% down payment is within that last rentals sell profit or buy multiples and run the Heloc strat again. 

Building a team is really important and as Kendall said, there are certainly poor vendors out there. spend time vetting multiple possible vendors, have backups, and build relationships.

I’m a new investor in the Destin/Ft Walton Beach Florida area who is looking for a Broker who is familiar and comfortable with doing BRRRRs.

There may be multiple brokers working on your deals all under 1 roof.

Then, within the following 5 years, (now at year 10) I hope to begin building multiple syndications and eventually a FUND!

Of course using the best tax free method of cash reinvestment available at the time1) Some lenders have 2 sides to their bank; find multiple lenders who do commercial lending.

So the answer could be either hold pat, or diversify into multiple smaller properties, or do a partial exchange.  

Multiple threads.