They go through the various levels and options available in Multifamily Investing.

And seeing as it's an organization level with so much staffing we need HR, middle managers and organization managers.So now we are at a place that the staffing "suck" eat's up the revenue of a couple K doors, so we need more doors to make up for that, AND as we add doors we add more staffing requirements, which add's more "$-suck" so need more doors to get over that and it's a lovely feedback loop....... 

That means higher investor level prices and thinner margins.

If the issues seem overwhelming and beyond your comfort level, it might be wise to pass on this property and look for a newer one that aligns better with your experience and budget.

I don't like that their website only talks about "project level returns".  

Investor Consequences: Restricted Cash Flow Growth: Investors may experience reduced income over time since rent increases are typically capped below market levels.

As a private lender myself, this is something we routinely fund in my markets because of this lower asset levels.

What level should I start at?

Typical terms: Lenders might get 10% to 30% equity, depending on how much capital they provide and the project’s risk level.

All bedrooms are on the 2nd level and there is a big open loft area with windows on 2nd level that's not used much now.