Instead, most offices you find in the 1000 SF range are usually part of a multi-unit complex in a commercial area.  

.- Improving the property management of the complex.- Increasing income and decreasing expenses.I figure this to be a two year turnaround project after which time I will refinance or use the equity to help purchase another turnaround project.

Though our headquarters are in Sarasota, as an FSU alumni, I've kept two complexes under management in Tallahassee.

However, most mortgage brokers have lists of complexes that are warrantable and non-warrantable and will know right away as well.

What are major qualifications to purchase an apartment complex?

I'm also looking to pick up a small apartment complex within 6-8months. 

I do have a friend who just bought in Arvada and even in just a few months prices have risen 25-35% in her complex. 

I am not broke and do have a little money saved up (about $16K total not including my 401K).So far, my favorite strategy is buy and hold smaller (preferably 10 to 75 unit) apartment complexes for cash flow.

The ideal situation for me is to start in his market because that's an area i visit anyway few times a year and starting with a multi family apartment complex there won't be that bad.

Hi Manuel,Triple net might seem simple but it is a very complex investment.