Personally, I started off getting referrals from other real estate investors when building my team but eventually found and added my own people to my network over time.

The 50% rule is about right. 

First build a team, then build a empire. 

There are plenty apartment buildings, the issue is finding them at the right price point - as in any hot market. 

Quote from @Kyle Hess: I'm building a list of tools you could have handy while touring a potential fix-and-flip. 

Not sure on the building size or whether it has a flat roof, but I paid over $80K to get a 10k sq ft flat roof done back in 2021, with quotes as hight as $120K.Hope this helps, good luck!

If you are trying to build your portfolio faster I'd probably go with the second scenario.

I refinanced a different building and bought another building with the proceeds.

Personally I like the work part and building up to something.

The BRRRR method is a great way to quickly build up a rental portfolio and considering you are in one of the fastest appreciating markets in the US, you will be able to profit off of appreciation as well as rental income.I am a real estate agent for off-market distressed properties here in Fort Worth, Arlington and surrounding areas.