My biggest recommendation to you would be to start out with a smaller duplex or even a SFR and build to eventually obtaining larger multifamily’s.

Those are still cash flow assets, but I don't think the bank will let me refinance on anything appraised less then 60k.Anyways it's all a work in progress, I called local Property Managers to ask them what rent is for a 2/1 | 3/1, vacancies rates, if they charge a flat fee or rent based %, few other questions.I'm getting an idea of what is in my area and what I should be focused on first.Yeah the real estate agent bought a fixer for 120k, put some work in sold 235k after he posted it on Facebook had someone call with offers that night.I have plenty of cash for buying/repairing, Cash is King he said and asked if I wanted to be a money lender that the return was "ok", but there would be no equity and build up.Yeah, my goal is to collect as many doors as I can and have $100-200 of ROI I'm shooting for appreciation and being able to pull my original money back out.

@Nick VehrI think it is largely dependent on what type of asset and what type of tenant you are looking for.

I want my first asset, but I also want my first passive the car hahaha

I have also found out that the owner of this company has all the asset managers for the banks on "speed dial" which is preventing everyone else from gaining access to these properties. 

The added benefit to going this route is while initially your credit will take a hit, in the long run it actually will allow you to obtain larger lines and with even more balance transfer offers. 

Then you have the whole sale portfolio market where they will do no doc, no asset, no income verification etc., but comes at an even higher cost. 

I'm thinking that this is a useful asset protection measure to leave the property encumbered.Is this reasonable tactic ? 

How does the trust establish residency in a zero tax state like say FL so as to make the trust assets last longer for the beneficiary?

What i would like to know is how increasing vacancies in a class A apts effects b and c properties.Also have to remember we are in year 10 of artificially low interest rates, and this financial engineering is INTENDED to rev the stock market and inflate asset values.And the next logical question is what happens as interest rates go up?