From a scale perspective I would probably rather have a 100 unit apartment building because at that point in time you are completely passive and have a property management firm running everything for you.

But it was amazing these guys had a 20 year run. brought in Millions upon millions at 10k a pop and basically never brokered a loan..  

Call someone later to talk about the deal they discussed, or to get a better, more complete understanding of why they did it that way, and how they did it.When you start looking at deals, in whatever interest area you have and you run across something and conclude that it won't work, maybe it won't work for you. 

Anyways fast forward 10 years and after running my own contracting jobs and doing other things I finally had the money and I didn’t need a partner or private money.

At some point the state WILL need immigration from other states in order sustain its growth, but I don't know when this spigot from the other parts of IA is going to run out.   

So long as you have an ownership stake in both the property management company & the LLC that owns the asset you won't run into any licensing or 3rd party management issues either.

home run deal ..

The road is maybe one and a half car lengths wide and is kind of the gully between a couple hills with no drainage and water run off next to or down the road.  

Things always run over, so I'm glad we had the room to make mistakes.

Now when I use the calculator since I’m going to have to put 3.5% down I run into a high mortgage.