50 unit apartment purchase process

[Mike Xiao]

Hi,

What is the typical process that goes into purchasing a larger apartment complex?

I was searching for a step by step typical outlined process online somewhere, but couldn't find anything. I was looking for something that would start from the LOI all the way up to closing.

I'm familiar with residential real estate process, and closed on a smaller 8 unit commercial complex.

But I'm wondering for larger commercial deals (say $10M-$20M).....what is different in the process from say your typical residential purchase?

I have my broker, but she has some commercial experience, but mostly residential.

Is it advised to get a lawyer involved and CPA to analyze the books, etc?