My business partner and I are in the process of closing on a 16 unit apartment complex.

Where you could run into an issue is if the HOA doesn't allow for it, which is the case in some condo complexes.

I would use it to fund a major apartment complex deal!

There was another unit in the same complex - and I was considering buying that too but I figured, this "one" is good for now...I'm going to see how it goes, wait 6-12 months and see if the magical dip comes.

From podcasts I listened to, I heard that conversions have the potential of becoming more complex than ground up construction.  

Hey everyone,I’m currently in the process of taking over a multi family complex and rehabbing a 2b/1ba unit and a 1b/1ba unit.

Hello everyone! I'm a realtor that assist investors in Saint Louis and my parents were investors when I was a kid living with them. So I have a good foundation in finding and analyzing deals especially 2 and 4 family ...

I am going to browse through the forum first to educate myself on how best to finance an apartment complex.

A lot of people get burned just throwing money down there, not realizing they are buying 1 block from a ghetto or section 8 housing complex.    

Plus, you two should be buying an apartment complex not more single-family.