For the project I plan on creating a system to address every aspect, step-by-step, of increasing the value of multifamily properties by making improvements that increase each property's net income.

If you think of depreciation as a negative appreciation I think you get to the same place. 

Welcome to BP community @David Horton  It is a great place to meet new friends and learn about various aspects of real estate and more. 

@Karolina PowellA lot of people have mentioned different aspects of this in their posts.

@Albert Hasson no doubt any strategy you pick will have pros and cons, that's why most people never end up investing in real estate, they just focus on the negatives.

I know most of us here know these definitions, but just to make sure we are all on the same page.The main negative with MTR arbitrage is that since you do not own the unit, you get none of the benefits of being an owner.

BP is a great place to get started.An A/B class property in Cincinnati will be cashflow negative for the first 4-7 years.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

The LLC’s could be put into a trust which would negate the tax downsides at the time of my fathers passing (which hopefully won’t be for another 30 yrs or so).

Some people dont even intend to get that many however if you are trying to maximize 10 from each partner/person then you'd try to qualify and hold title separate for your own 10 prperties (10 + 10 = 20 total properties).You can also look at credit aspects as well but typically lenders will use the lowest of the 2 middle scores (3 scores per person but will use the middle score).So the most important aspects are the income to qualify for the loans in the case of full documentation loans.