Answering your question:Believe it or not, the best way to have financial freedom is with multifamily, I invest in multifamily like 10-35 units per building cause that apartment studio provides me an income of 400-600 dollars each depending on the location.I purchased a land with almost 1,000 square meter and my partner and me, we are building 34 units for long term rental 30 apartments with 1-2 bedroom 1 bath and 4 commercial store (small) I like Punta Cana due to the great development and job opportunities, at the resorts we have around 70 resort complexes, and in each complex, there are 1-4 hotels with 700 rooms each that's for you to have an idea about employment. 

I suspect 40 studio type units if they are not in a resort area or college area are going to be pretty low end .. your version of a Multi PIG

Best to go to local REIA events and other real estate events to meet with the real players in the space. 

Condo docs, condo fees, the condo association telling you what you can and can't do, and all the appreciation issues already mentioned make it a last resort.

Painting a metal roof would be a last resort for me. 

This is undoubtedly a last resort for a sponsor as it will all but assure that those investors will be extremely reluctant to invest with that sponsor again.  

Hey Aarielle, Hard Money is usually the last resort when it comes to financing because its more expensive.

Hello BP community,i found a potential buy with dilapidated multi-family property which used to be hotel or resort and zoned for commercial use.

And with that comes the risks of suffering the woes of resorts and motels, and that is you MUST keep occupancy UP, as it forms a kind of feed-back-loop.

The last resort is to tax homeowners since the property is fixed and cannot run away.