When its a small apartment in a complex I say no.

Then if you end up doing a self directed IRA instead of a Solo 401k from not having any self employment income, you are subject to UBIT rules, which can cost you thousands in fee annually just for the filing depending on the complexity - in addition to the tax owed. 

It only applies to apartment complexes.

Hey @Jason Hutcheson - This is an inflection point moment because hiring the right general contractor can either make or break your investing career.Here in Chicago, our fee ranges from 12-30% depending on the job's size ($25k-$800) and complexity (bathroom vs. adding an addition).Before you make things more complicated with incentives I would just make sure you find some that you know, like, and trust. 

So, most investors are turning toward small multifamily or other hands-off type commercial real estate properties.Aside from buying an entire storage facility or small multifamily complex on your own, another more affordable entry point into commercial real estate can be found through real estate investment funds.

Have you ever heard anyone say the tax code is complex?

Hello, I am looking for a creative way to structure the purchase of a multifamily apartment complex in central KY. 

I know big apartment complexes do an even split for water and trash.

Getting help from a TAS has definitely helped us in the past on addressing something like the IRS seeming to lose a payment and being unwilling to put the effort into finding it - nothing technically complex about your problem from what you are saying (just a lost payment), but if they aren't helping you, the TAS helps light a fire under them. 

Keep in mind its always a good idea to consult with a real estate-focused accountant who also does asset protection to get a full picture for more complex strategies.