I often say yes, submit my low bid, and later receive a letter saying it doesn't meet the reserve price.There's an auction held at a condo complex where I previously bought two at auction.

I recently cold-called the owner of a 7 unit complex who is interested in selling their property near me in Northern Michigan.

This is more complex because you are trying to find current contact information for the owners of property you find - usually from driving for dollars.

You would then have a revolving door of agents to try and constantly train depleting valuable time, money, resources.Instead a brokerages sets up a commission only system where the strong survive and thrive but the weak sales agents eek out a few sales at fat splits to the brokerage before leaving the business.Commercial is a lot more complex than residential.

Another option which might not be realistic for a lot of people or even too complex to understand is called a "captive" , Google it.

i had this same problem when I started.doing the buying transaction and the lending transaction at the same time reduces competitiveness against cash buyers. deals with loans go slower, they are more complex, and trying to buy a distressed house with a loan is an added layer of difficulty. there are options to buy a home with a rehab loan (hard money, or 203k) but costs will be higher obviously. 

I intend to keep up the momentum until I am confident enough (with my ever-growing knowledge-data-base) to start analyzing and figuring out clever ways to get rental properties (multi-families to small commercial/apartment complexes).So let's get right down to it: My Goal:Financial Independence.My Why: So I can be there for my kid when it counts.

Most of the banks we get in touch with say they have a minimum of $1M loan for apartment complexes.

Most of the banks we get in touch with say they have a minimum of $1M loan for apartment complexes.

I am new to investing and I found a 24 unit apartment complex for 599,000.