I have an opportunity to purchase 2 multi family apartment buildings. 12 unit with 9% cap rate, $400K and ~$110 per door monthly cash8 unit with 10% cap rate, $300K and ~$110 per door monthly cashSeems to be after all cost a ~3% return on debt investment.

So I am blessed to be able to have this opportunity starting out and really want to get started on this property. 

Owner of a property in each city and now focused on investment opportunities with upside (renovations, change of use, working thru legal issues, etc.). 

I just wanted to take this opportunity to introduce myself.

But if this scares everyone else away, maybe this is an opportunity to explore.

All those figures are going to change the way someone looks at the deal.Lastly, what is the opportunity cost?

Inspired to look for out-of-state opportunities in the areas you mentioned. 

But there's lots of opportunities to tie in with local management for a much smaller fee. 

It would save families from trying to navigate San Antonio and make it to the events on time; It would allow them to spend more precious time with their graduate-because time with their sons and daughters and siblings and spouses is very limited on that weekend; and it would provide a year-round opportunity for you to keep the unit filled and cash flow.

I've got a decent plan in place to make that goal a reality, but know I'm very fresh to the world of REI, so I am leaving myself open to all avenues and opportunities of investing.I am focusing on SFR and multi-family properties, and although the first two needed minimal work, I am looking more into Fix and Flip and BRRRRs for my next deals.