Take a look at my thread "Diary of a New Construction Project" to get an idea of the complexities of new construction.

Every time I come to town to check up on the property I bring him a bottle of Beringer White Zinfandel, and he lets me know everything that has been going on in the complex while I was away, and gives me a little more history on the buildings.

There can be more complexities to it and it is good to consult with a tax advisor/CPA firm about the most advantageous way to set things up.

Save the financing and mortgages for larger projects, like the 40 unit complex that comes up.

Sad story of the Loss Payee micro managing the restoration, but Lost Rents coverage was sweet during the process.As I have a 6-unit complex, the mortgage would have still been paid and just zippo for profits for that year as a result, but - - what would be your status for 12 months of no rents?

I used to see the popular California Residential Purchase Agreement and Join Escrow Instructions (for signgle family residential property - attached or detached).My question is, for buy/sell condominium or townhome, is there a specific purchase agreement document?

The viable option that seems more promising for my investment goals after single family is to either build an apartment complex or build a strip 4-6 townhomes for the purposes of renting.

So deciding which homes are "better" is something of a complex formula.So I recommend South Side and Friendship based on modern patterns of urban renewal along with some attributes of solid building stock that would offer value to an investor.

I haven't even done one deal yet and I'm reading about how to finance/manage a 50 unit apartment complex in Canada."

I have since purchased A 12 unit building that has one boiler for the entire complex.