Commercial space conversion to apartments in Kansas City market

[Oliver Sparks]

A blessing, but a challenge.  That is how I would describe some opportunities that have come my way recently.  I am a licensed class A general contractor, mainly doing residential flips.  I own and manage some single family rentals, as well as own and manage some apartments.  Recently I was approached about a couple off-market vacant commercial properties in the KC market that would make a terrific conversion to apartments, with enough space for roughly 60 apartments each.  Besides the existing buildings themselves, the close proximity to schools, easy highway access etc., as well as a strong rental market in the area seems to provide a great recipe for great cash flowing units.  Most of the partners I have worked with thus far came to me after they heard what I was doing and saw our work, and they mainly focus on investing in single family properties.  What are some suggestions you all can provide to point me to where capital partners are for when opportunities like these come up with multi-family deals?  The details of construction and pro forma for multi-family seems to intimidate single family investors, in my experience, so it seems to take a different kind of people that GET it.  The current multi-family properties I own were done with a combination of my own cash and creative financing, neither of which seem to be an option for these latest opportunities.