I have a bunch of experience in all types of construction (since I was 17) and having a real estate active broker license for about 30 years even though I never did that full time.I used that license to help close a few deals for other people and have only done one investing deal for myself.  

(I guess I would be more of a buy-and-hold type of investor).  

Literally as I am typing this on my phone, I just watched some lady walk from across the street with a chair to sit in front of my building.

Hey there so I am a 22year old looking to eventually dive into the real estate industry, with so many different types of real estate investments opportunities out there from single family, to duplexes, apartment buildings, ect. i just want to get some feedback and advice before i jump in the industry, so what type of property was your first property that you obtained?

It also depends on the type of rental you want to have: owners are more likely create problems for you, if you don't keep up your house or have bad tenants.

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why would they agree to making that type of deal?

With that type of financing you would only pay about 31/2 percent down paymentDepending on your financial situation you might want use an Attorney and/or a tax attorney to give you advice when you know what you are investing in.  

To property manage that number of units in a working class type of neighborhood I would charge 8%. 

Yes, but while some tenants will pay to be in these 24 hr doorman type with a gym, you have to offer something different.