Dumb question, but how does one go from SFR to apartments? There are not many apartment complexes near where I live, so I can’t easily find an investment group. But I would like to get out of the single family residence business sooner rather than later.
One property is grossing a little better than 10% ROI (initial). It could be MUCH higher, but I would lose sleep at night raising the rent on an old fixed-income lady who has been there for 14 years...and says she wants to die there. Couldn’t ask for a better tenant, and I am not about to mess with karma.
Another property is managed by someone else and is at 18% return on initial investment, but I bought it because I wanted the land, not the dwelling on it. If I can get 18%+ elsewhere without getting calls from the management company every time crap hits the fan, sign me up! (Then I could raze the dwelling and enjoy the property).