Let's just do simple math and not do a more complex Amortization.The simple math is:$1 Million Mortgage / 30 years = $33,333 per year OR $33,333 / 12 = $2,778 PER MONTH.Don't you think the Mortgage Balance Reduction is actually MUCH MORE dependable than even the Cash Flow?

For just one property it is not too complex to do on your own.

Did a subsidized complex go up near you? 

Wondering how complex this project would be in AL, mostly from a permits/code perspective, but would love as much info as possible.

For splits and carries on the GP side, that could be very very complex to the passive investors.

It's not a complex plan but it's also not as easy as drinking a milkshake.

As your trusted investor/advisor, my job is to be the eyes and ears for you as you navigate what can be a very complex real estate market.

I was strolling thru realtor today, and saw a 8 unit apartment complex less than 5 miles from my house and current rental.

The short answer is it depends how complex the structure will be and who the owners are.

I know @Robert Higdon mentioned 203k loans, however I'd be leary of this option because this is a fairly complex, time intensive, paperwork strewn option (search BP for post's by other on their experiences with 2032k loans) and do you really want to go through all of that for 2-6k of work that needs to be done?