When I run the numbers on a 3-4 unit complex I run them twice. 

Interesting - http://www.costar.com/News/Article/SWH-Residential-to-Build-228-Unit-Apt-Complex-Along-Beltline/173144

I'd talk to a lawyer to see what your liability is if he were to molest another child in your complex.

So not too worried about a complex.

I came across a 8 unit apartment complex...in my target price range...and now I don't know what to do.  

To get back to @Jeff Rabinowitz original post, after initially investing in properties within the city (Zips 48223,48235) for long term buy and hold, and experiencing firsthand all the unforeseen complexities that go with that strategy in Detroit, I am taking a step back and reconsidering - looking for cleverer routes with the right partners on the ground.I think that both the suburbs and the city proper have great opportunities (and am considering further opportunities in both)  but not necessarily the same strategy.

I am planning to use this property to fund an 8-plex or small apartment complex.

The majority I've seen are amortized for 15-20 years, but I know a lender that can do a commercial loan starting amortized for 30 years with a competitive rate, but it was for a portfolio of SFR, not an apartment complex.

I enjoy working out and dieting as it tests ones discipline, self control and teaches one to work hard and to be patient in order to see results, which I feel has been a priceless attribute acquired and will transfer over to my real estate endeavours.My Experience With Real Estate (or lack-thereof)I have no real experience thus far except for everything that I've read, heard and watched.

I have heard about the small lot developments that are being built..and since there is a lot of old housing stock in the area , and a big demand for newer housing in areas like Echo Park it does seem there is an opportunity there...but I think those types of projects are probably pretty complex versus just rehabbing a single family home since it would be new construction.Los Angeles is also very tenant friendly and the rent control laws are pretty strong.