Quote from @Veronica Mitchell: I'm looking to see what are some of the multi-unit in and around Chicago area to buy in? 

I asked him a lot of questions about the business and as soon as I got home I was doing research and joining RE forums focused on multi family.

Hello allI am exploring investing within small multi-family  (4+ units) in Nevada.

I am not very familiar. several thousand acre cattle ranch at todays dollars depending on location will be in the multi millions..

The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos. 

If, a year from now, you have an extra $20k piled up because you have been serious about this, it established a bit of a track record and proves that you are a doer and not just a dreamer.I would also express gratitude that you have a partner that is so cautious.

If she is getting close enough to thinking that there will be an income disparity, she will stop at nothing to compel my husband to provide income documentation.All finances are joint except for the rental, which I keep rents for in a separate checking account and track spending for.

Again, others might disagree.a) Track Record: Get the entire track record for the strategy.

Quote from @Mickey Petersen: Investment Info:Small multi-family (2-4 units) buy & hold investment in Whittier.

Learn about multi family and mobile home parks.