Ya, it would definitely be overkill for my little triplex, but something to keep in mind for (hopefully) bigger and better complexes in the coming years.

Personally, give it this thread, I'd be more concerned about your lack of experience than just about the costs.This is a big undertaking for a first project, and not only will you likely deal with complex budgeting issues, but you'll also deal with a complex build and regulation that is for more complicated than your typical single family development.

Logistically this will increase compliance complexity, increase operational costs, and raise safety concerns for rental housing providers throughout Colorado.3.

He had to get very creative to get legit insurance on a complex with an outstanding fire claim.

As we reflect on the challenges faced during the financial crises of 2007-2012 and draw parallels to the current market conditions of 2024, one concept stands out: the “Missing Middle.”The term “Missing Middle” refers to the scarcity of housing options between single-family homes and large-scale apartment complexes.

Looking it up quickly there is a bunch active in that complex.

The 10-Unit complex would be a commercial business, so the simple answer is to purchase and operate in an LLC.

From what I gather those who purchase large multifamily complexes and commercial properties rely on cash flow.

If we can't find phone for apartment complex we use Google Streetview as most have phone on a building sign.

I want to buy an apartment complex with an old 401k by converting it to a self directed and leveraging debt.