I've been very cautious around advising this strategy until I see that the investor has the personal financial position to manage that type of investment.

Before buying, do an analysis of the market that lets you in on its dynamics, link the type of property that matches your set goals and is in line with the risk you can take, survey the possible financial options open for borrowing money, and finally analyze the cash flow of this business before engaging professionals in managing this apartment complex.Conduct thorough checks on possible properties, covering in-person checks, money checks, checking leases, comparing market prices, checking rents, assessing the condition of the property, and looking over legal contracts.

Also, bear in mind that I have no idea about your personal situations and objectives and I don't like giving cookie-cutter advice to people.

So, it's personal, for me.     

Do you have any equity in your personal residence?

If you look, there are better optionsIm happy to share more of my personal investing experiences here in Memphis!

Hello, BiggerPockets! I just wanted to formally introduce myself. My name is Stephen Seals. While I have lurked around BiggerPockets for several years, I plan to get involved in the community here and hopefully giv...

@Timothy Eaton I have created an initial application that has basic information on it like name of all tenants applying, address, make and model of any vehicles, previous landlords, personal references, and I ask what types of debt they currently have and any pets.

Could you hold a 2, 3 or 4-plex in an LLC, live in one and still sell the entire building as a personal property sale after 24 months (no cap gains tax)?

this would let you go to REIA meetings and network, look at properties in person, drive neighborhoods, meet locals, and build a network.with interest rates and prices high, investing right now is taking extra work, creativity, or both.