Multi-Family Investing Assumptions Challenged

[Vishal Punj]

Happy Monday fellow BP'ers!  Been a lurker here in the forums now for several months.  I've listened to several of the BP podcasters who discuss MF as well as read several of the threads here on the forums, but was hoping if some of you could challenge a few of the assumptions I've gathered thus far. 

Assumptions:

1) Upon successful repositioning of a property (3-5 years), expect the refinance to be a 7-10 year term product with a 20 - 25 amortization schedule.  If this assumption is correct, then a follow up question is what options does a successful syndicator have at the conclusion of this 7 - 10 year term?

2) Complexes with units < 100 units rarely justify on site property management.

3) FICO scores do not play a role in complexes with units > 100 units.

4) Loans on complexes with complexes > 100 units are non-recourse 

Thanks in advance all!