-There will be zero vacancy from my perspective as a landlord.  

But, if it's all you know, I guess that limits your perspective somewhat.

Having launched over 200 funds, I respectfully disagree, from an investor perspective,  the key thing to look for in a fund of funds model is deals where you are getting the same or better terms than if you go directly with the sponsor.

@Corby Goade as a property manager you have a different perspective.

Hey Meghan, Someone like you in your position might find success in buying an existing property management company rather then starting one fresh.

I concur with @Ryan Muska's perspective.

I also appreciated @Scott Mac's perspective regarding liability and accepting commission as that could be a slippery slope.Ultimately on 50 units, you're talking about $250 per month revenue. 

@Jay Hinrichs Yea I like your perspective on this Jay.

It sounds like you and your wife are making some exciting moves in your real estate journey.From the perspective of a private lender, I can tell you that if you don't have experience in new construction you might find it challenging to get funding for a groundup construction loan.

But I would be taking a huge tax benefit up front and making these properties much more attractive from an ROI perspective when modeling for that expected benefit.