So if you are talking about buying a 6 to 20 unit building I would stick to Abilene.

Then speak with the planner to see what types of businesses / buildings they think are a good fit for the property based on the master plan for the area. 

When speaking to the owner (building rapport), your main goal is to figure out which of these main 3 is most important to them.

🚲💼❤️Even with 40 years in real estate, I felt the same way about buying my first apartment building.

By having more tenants there are more eyes to watch for issues that may pop up, more people paying rent, and if you have one of the units vacant for a bit, it will not hurt the bank as bad as it would if you only have two tenants in the building and one of them left.   

There are several large brand new affordable housing buildings being finished less than a mile away, that will also pull potential renters from this property.I'm not sure where you pulled your numbers from, but I wouldn't be surprised to see that property rent for less than $3k/mo for the entire house. 

When you start talking larger multi family properties and commercial buildings (office, retail, industrial) then cap rates become a much bigger factor. 

I know there are a lot of people effected by this, and we need to build an alliance to resolve this matter through legal channels.

On a trip to Carroll's Building Supplies in St.

REITS that own shopping malls or sky-scraper office buildings are effectively the walking dead and many will not survive.