The real estate development side of the house is very complex that involves a lot of legal and procedural steps to make it happen.

It has tons of great information and may help clarify some of these complex topics.Best of Luck with Your Real Estate Investments!

Fast forward 12 years... two of the original tenants (without pitbulls) still reside at the complex.

I am working with a group of investors and we are considering building an 18-Unit apartment complex.

In the chapter Ken gives a real world example of his offer on a property that he derived from dividing the NOI by the Cap rate in his area, but most of the properties he talks about in his book are larger properties, most involving hundred unit apartment complexes.

I had been on vacation in Jamaica and met a couple there who were retired on their Fort Worth apartment complex.  

Seeing as you are starting out I would not recommend a multi-family yet as it can be more complex to manage & maintain.

This is especially true for condominiums or cooperatives.

As for finding a good single family property, I am planning to use a turnkey company since it is my first investment property and investing out of state just adds to the complexity.

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