As I get older, the "usual"responsibilities of life are becoming more and more apparent (Rent/Utilities/Groceries/daily life costs).  

I am a flooring contractor with nearly 15 years experience, but I'm ready to start another chapter in my life.

Reason why there is no allotment for CapEx is because major items like roof, hvac, have >5 years life (or more).

You could find a syndicator like Grant Cardone and go on a multi family deal and get great returns without disrupting your life. 

Depending on the design style of your area you might be able to get away with the "industrial" look of a polished concrete floor but putting even 1/2in drywall on the ceiling is going to push you out of compliance.

Purchase price: $185,000 7 unit townhome style

Check out my personal favorite, Set For Life by @Scott Trench , or The Total Money Makeover by Dave Ramsey. 3.

I am considering an apartment building with the possibility of splitting up and flipping the individual units into condos.In this case, I would have to create a condo corporation so the individual units would pay condo fees.I have never paid condo fees in my life, never owned a condo, rented apartments then bought houses.Any tips on how one would go about this?

As we all know there are no guarantees in life.

Make sure the agent is knowledgeable in auto and casualty rather than life insurance and financial services.