@Jeff Burdick no I have not considered buying a property due to not having much capital and actually working on another venture on the side that would take higher priority of any capital.

Who knows - it's nice to think that after some time, I'll build up enough capital from land flipping to start investing in SFR's and branching out a bit into that direction.So - that's my story.

Net annual cashflow after cashing out equals x% of your acquisition cost plus capital expenditures. 

What I need help with is evaluating the property with regards to future expenditures - capital or otherwise and forced value.I have no experience in evaluating a house let alone an apartment complex. 

You need to take into account any future capital expenditures (capex) that it will need (roof/water heater/furnace). 

Wholesaler and selling real estate licensed or not is very hard to be successful at and requires significant capital  just like any small business were the returns can be in the six figure range.

With the current influx of so much money into the rental property segment, based on what I have heard and read, even if I could raise the capital, large multi family (apartments) are not really an option.My area of southwest Missouri isn't a large population, so there are not to many opportunities other than single family homes that would be within range for me to manage personally. 

If a high profile bubble like LA bursts, it will make national news and the rest of us will start to follow.

Self managing would save you that $100 each month to allow you to make the rent more competitive.You also always have the ability to sell the unit if it becomes too much of a hassle and move the capital gains to another asset.Best of luck.

You can essentially "Save" rent you would pay anywhere else, and instead get money (in form of principal repayment) from the tenant. few other thing you need to consider though is vacancy rate, property tax, capital expenditures, and if you would need to use property management firms (unless you have the time to find new tenants, deal with their complaints, etc.).