If the properties can debt service a million dollar loan at 12% then the savings at 6% should allow you to build up sufficient reserves where you can weather any bumps in the road thus mitigating the risks that come with a recourse loan.

Therefore, my suggestion is to work hard; fix your credit; and build up some cash before you start investing.There are 168 hours in a week.

Build up a nice emergency fund, say equal to six months rent, or at least 3-4K, and you'll be prepared for what comes along.With just a few units, either something really bad is going to happen or its not.

For example, here are a few of the multi-unit financial specs we’ve seen in our area so far (remember, these are in various states of disrepair):List price $239,900 / Monthly rents $2,100 = Cap rate 5.25%List price $279,900 / Monthly rents $1,500 = Cap rate 3.21%List price $289,900 / Monthly rents $2,500 = Cap rate 5.17%List price $390,000 / Monthly rents $3,200 = Cap rate 4.92%List price $420,000 / Monthly rents $3,300 = Cap rate 4.71%As you can see, unless we can find a BIG bargain somewhere, rentals just do not look feasible right now, at least until we are able to build up our capital reserve and increase our down payments.However, we did come across one SFH rehab that looks particularly attractive.

There is no such thing as 100% financing, you may want to partner up with someone on your first deal or going the wholesale route to build up capital for a  down payment or to do a couple of fix and flip deals.

How far out are building permits in King County Washington?

I am trying to build up my credit now. 

I live in Baltimore Maryland and have two single family rentals currently and have found that it is just two slow of a build up to what my goals are and am really looking seriously into apartment complexes somewhere between 15-50 units I've been looking at a few that have about an 8% cap rate but was wondering what could I look for to see if that's actually a good deal.

I am really trying to jump-start my wholesale business as I believe it is the best way to build up the capital needed to get into other related activities such as flipping and development.

It takes a build up over time of algae, etc.