Wondering how complex this project would be in AL, mostly from a permits/code perspective, but would love as much info as possible.

For splits and carries on the GP side, that could be very very complex to the passive investors.

It's not a complex plan but it's also not as easy as drinking a milkshake.

As your trusted investor/advisor, my job is to be the eyes and ears for you as you navigate what can be a very complex real estate market.

I was strolling thru realtor today, and saw a 8 unit apartment complex less than 5 miles from my house and current rental.

The short answer is it depends how complex the structure will be and who the owners are.

I know @Robert Higdon mentioned 203k loans, however I'd be leary of this option because this is a fairly complex, time intensive, paperwork strewn option (search BP for post's by other on their experiences with 2032k loans) and do you really want to go through all of that for 2-6k of work that needs to be done?

@William Thresh I can take the cash and use it to expand the land surrounding one of my apartment complexes. adding 80 units.

My dad told me I would lose my shorts buying an apartment complex.

If you do not have the capital to do big apartment complexes but you still want to try your hand at real estate, you need to start somewhere which may be SFH or small apartments.