The ability to finance a property is what sets real estate investing apart from other investment vehicles such as the stock marker or bitcoin.

As many have already stated, there's a housing shortage (particularly in apartments) nationwide.

I am new to property investment and have recently closed the deal for the purchase of my first two apartments.

I know I'm going to enjoy being a part of the BP community and I look forward to connecting with some of you!

Apart from the mortgage, I would need to pay the homeowners insurance ($2,000) and homeowner's association fee ($500). 

I'm fixing to contact the seller of a 14 Unit Complex. 

A part of me wants to flip this at a huge profit just to prove my arrogant uncle wrong.

I wasn't sure which forum I might get an answer on, but since this relates to Commercial/Apartments.

Another added layer of complexity from an underwriting and marketing standpoint, but you fall into a grey area of regulation at the city level (some hotel regulation, some residential). 

For example, if there is an apartment community renting two bedrooms for $1,000 per month yet a tenant who has been there for quite a while is only paying $800, then this unit has a $200 dollar loss to lease.