33 Multifamilies - 200+ doors -8% cap - How do I structure deal??

[Dave S.]

I came across a HUGE amount of off market multi families (totaling over 200 units) in the northeast...It was about time I get into the larger apartment complexes. So I was thinking today, what would it take to get ALL of these??? Go big or go home right? Always thinking the 10X rule. And why not....you do almost the same amount of work for one as you would do for all of them!! Doing some quick math I would need about $4 million to make the 20% down payment. As the properties are priced now, these will average out to be an ~8% cap rate. Im looking to understand what the best structure would be for this transaction, should I treat this the same as anything else...50/50. I negotiate as I do best and do the ground work while the investor(s) just collect the checks? Thoughts?