What are major qualifications to purchase an apartment complex?

I'm also looking to pick up a small apartment complex within 6-8months. 

I do have a friend who just bought in Arvada and even in just a few months prices have risen 25-35% in her complex. 

I am not broke and do have a little money saved up (about $16K total not including my 401K).So far, my favorite strategy is buy and hold smaller (preferably 10 to 75 unit) apartment complexes for cash flow.

The ideal situation for me is to start in his market because that's an area i visit anyway few times a year and starting with a multi family apartment complex there won't be that bad.

Hi Manuel,Triple net might seem simple but it is a very complex investment.

@Brandon SturgillI located my last 8 Unit apartment complex from Loop net. com

or if you can swing in financially are you better off buying a complex?

Believe it or not there are people out there on the other end of the spectrum and they have billions of dollars that need to be placed, to them a 5% return on a very safe apartment complex is a great deal.

She doesn't want to do it this way claiming that doing the math each month is too complex (even though I offered to make her an Excel spreadsheet to help her keep track).