A good friend of mine has been building apartment complexes for the past 10 years, and offered me the opportunity to join as a partner on his next project.

FL got 11 more years to go and TX one got 9.5 years to go.I have a negative cash flow from FL, since it's Maintenance fee from the complex is higher, and they rent it annually.

In the past year, we have been able to joint venture with another investor in a 48 unit property and currently, we are working on closing a 24 unit complex by ourselves.

And the wholesaler became hard to reach  and I recorded my Option.No one wanted to follow as this got more complex.

Hello Everyone, I am under contract to purchase an apartment complex with 16 units.

However, I'm looking to purchase some multi family / apartment complex units.

My targets are mid-sized apartment complexes and mobile home parksWhy I'm planning to employee my own lead generator / analyst - feel free to criticize my plan.Prices are really high for apartment complexes right now.

However, I have no idea where to start looking for small apartment complexes from 10 units to 50 unitsAny ideas??

Which is why anyone who is not simply parking capital and expects an apartment complex to run as a profitable business cannot make the numbers work in Vancouver (or much of Toronto) at the moment. 

Seeking a management company that manages your type of asset (SFH, apartment complexes) can be a good strategy if you feel uncomfortable managing your own.