Private money may cost you more in the end, but as long as you know the terms and are fine with it.  

The management business is more competitive than when I started in 2016, you need experience and/or an edge.

And make sure that all items necessary for you to get the best rate possible from your carrier (like 4 point inspections, roof attachment points, pool enclosures etc) are present or available.One nasty little factor that can't be helped is that every time you buy a property for more than than last owner paid - you will have a tax bump due to re-assessment. 

On why there aren't more of these types of apartments listed for rent, I suspect that it just happens more under the radar, vs being listed on the MLS. 

I've found one company/broker that is working on getting us funded now, but I just wanted to reach out to more brokers or direct lenders in the meantime. 

Super helpful info though.

I don't plan on buying for another 8 months or more and I don't want them to think I'm just wasting their time but I do want to start seeing which agents will understand my goals and see what kind of opportunities each will send.I'm also trying to figure out if there is a minimum number of units I would need to work with a PM and how to find one?

I decided to change career after having worked with films for more than a decade - and I have always had an interest in real estate.

I can send a more detailed analysis if you DM me.

Way more often than every 5 years.