Average return of apartment > 20%?

[Jay Z.]

Hello Everyone,

In the past 3 years I have been doing Brrrr investments on individual residential properties and bought 10+ rental properties. My cash return is 20-40%. BTW I didn't know "Brrrr method" until recently I found Brandon has already theorized and exposed my secret.  :)

While my return rate is high, the process of Brrrr-ing individual house is effort consuming, thus I can only help a couple of "repeat" investor friends, and I have to say no to other investor friends. And buying larger residential rental doesn't seem generate same return rate (If anyone think I am wrong, please chime in). This makes me to think about apartments. For those who have experiences of renovating and refinancing an apartment, what are your return rate?

Thanks,

Jason