Is a 25 unit apartment complex too ambitious for first buy and hold property?

[Kellie Holly-Wood]

I want to get serious about creating a real estate business of buying and holding, specifically apartment complexes. I have a moderate knowledge of the real estate world, but have never been a landlord. I have one 4 unit complex in escrow, but also have the opportunity to do a 25 unit complex. I want to know if I'm being too ambitious. With little experience as a landlord/ manager should I work up to it a little more?

[Leon Y.]

Watch out for your reserves too. If you have enough reserves you can make some mistakes here and there and you can afford the time and resources to learn. Whereas if you are pushing the envelope in what you can take on, then it can get scary if things don't go your way.