If you are the kind of person that has enough money to buy a 6 unit residential building then you probably don't want to LIVE there.

Brokers look everywhere to find good deals and you'll need someone who will look at every lender, not just the one they work for.What kind of interest rate can they get you?

Most people are not "wired" for that kind of income.

What kind of team should i put together so to speak, and why.

When calculating this don't forget that when moving most of these folks can probably find some kind of "1st month free" deal for new tenants so that's why I suggest a 10% margin between your "new" rents and your estimate of market rates.

Thanks SPBrokers, for your kind words.Indeed, this is a gem of a site.Glad you found us.

I've found that giving people a lot of information up-front gets me more qualified people calling/emailing me.I also put a sign in the front lawn, but have found that online advertising usually gets me the most inquiries from the kind of people that I'd most like to rent to.

So apartments are perfect for me because there is little to no maintenance to be handled in this kind of living.

I live in a city of over 110,000 people, I would think that there is some kind of investment club in the springfield il area, but I can't find one.

Great question im a newbie and was kind of wondering the same thing as for me i live in houston with a start up cap of about 25k and homes here are through the roof.