Because it's a retirement account, I can't use leverage without bumping into complex tax issues (UBTI / UDFI) that i would prefer to avoid. 

Started off with SFH's and moved into a six-plex, then apartment complexes. 

Your partnership return will require a balance sheet, which is more complex than a simple income statement that many investors require.

The rest of my goals are far bigger than that with multifamily,  100+ unit apartment complexes, etc.

I would tour a few apartment complexes nearby to get an idea of unit conditions. 

For the style of complex, care, attention and luxury I consider it an incredible value.

Since it's in a complex the condo fees take care of everything except Internet, so that's one less thing to worry about.

That helps relieve many fears that most new investors have, and ultimately reduces risk.When you open yourself up to looking nationwide, you've immediately compounded the complexity of the decision tenfold, as you now must compare and contrast multiple markets against each other.

It's only an 8 unit complex and is in the downtown area.

Some situations are more complex, unfortunately, but let's stick to the basics for now.Step 5.