--Become a hard money lender somehow--Figure out how to get in on an apartment building somewhere (although I'm currently trying to build a new business and don't have time to simultaneously learn another one).

I live in Bayonne and have seen progress towards positive change since moving here (luxury apartment complexes, ferry, Costco, Military Ocean Terminal redevelopment, bike share, park improvements).

I know that there may not be a science for this but I thought wouldn't hurt to ask the question:  Just for initial planning purposes is there a way to come up with a swag at annual capex number for a class B apartment as a ratio related to its NOI, price, on-going maintenance costs, or some other parameter, way before you go on with a full due diligence?

There is huge potential in clearing out the extra land that is currently forest and adding multiple apartment complexes but that isn't a project I feel like I am not ready for.

If you don't have access to some sort of line of credit then I'm a fan of keeping things simple. 

I'm not sure if this is even possible, or if it would be a better idea to rent an apartment for the first year to get settled into the area and spend time looking for deals during that first year.

I have access to a VA loan with no fees. 

P.S Bill Gates couldn’t get the money to purchase DOS from Kildall so he reached out to IBM and asked them if they would make the purchase at $25,000 “peanuts” and set up a licensing agreement which they said no and than turned to Microsoft for $50K making him a part of the company and founder of now known MDOS than Q DOS.

I am looking into purchasing a 20 unit apartment building in Cleveland that has been completely renovated.

It is like saying, "I rented an apartment for 4 months, was not happy, so I just left.