Or is this an apartment complex with many units in it?

Typically the people who arbitrage properties are operating complex's with 10+ units at a time. 

The more complex you make your LLC situation (particularly with unseasoned proxy LLCs) the less appealing they will be to a lender. 

Complex setups don't offer much protection for most people. 

These two you sent are sold but I will keep my eye on this complex :)

You can exchange tax free into about a $2.8mm class B apartment complex.

I just want to confirm that @Pam Lehr, @Michael Ferrera, @Ginny Montoya, @Linor Havia, @Peggy Garnaat, @Cheryl Sweet, @David Meysenburg, @Sanket Gupte and @Jennifer Filzen are all real people and are not fake accounts. 

With that information you can then adjust based on your design's location, size, complexity, and finishes, subtract off what you think your materials savings are, and then voila, there's your estimated labor cost.The cost/sf question gets asked all the time on the BP forums so there are already a bunch of responses out there.

As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.

I've noticed a lot of confusion and forum posts seeking guidance on 'commercial' mortgage financing for apartment complexes of 5+ unit up to 20-100+ units.