1% rule for large multifamily (10+)

[Will Parker]

Hey BP!

For those of you buying large multifamily properties (10+ units), are you seeing the returns you want if you utilize the 1% rule? Looking to learn more about the general viewpoint since each situation will be unique based on the area. For example, let's say I find a 20 unit apartment complex, and it will cost $1 million with a monthly gross rent of $10,000. Wouldn't the capex expenses be higher % wise for a larger building than a house over time? 

- Will Parker