Hello BP community,My partner and I are currently under contract on a small apartment complex, and have received all DD documents requested save one: bank/deposit statements.

My wife and I live in a very nice, income-restricted apartment complex.

I continue to go back and forth on whether to focus on single-family or multi family units (including small apartment complexes).Has any one on here closed a multi-family unit/apartment complex as their first deal?

Multifamily complex needs roofs and some HVAC units.

That said, it’s like learning anything else (at least in my experience); you just put one foot in front of the other.Of course you're going to run into "analysis paralysis" when starting out with anything of any complexity, and the note business is no different.You would do well by just concentrating on the marketing end first, say, by developing effective ways to source "plain vanilla" performing notes, secured by either SFRs or commercial property.

So I've got some information about a townhome property in a HOA complex that is about $4k delinquency for not paying HOA and the other is $7k.

This forum has really helped me level up my skills in this complex industry.

However, I want to maximize a passive income and one day building an apartment complex.

She builds large apartment/complexes/hotels/commercial/etc... and has good relationship with city for permits/inspection approvals.   

It is a small condo approximately 500 square feet, 1 bed 1 bath in an 80-unit complex.