These are more complex legal structures that can provide even more protection than a traditional LLC alone.

These are both in a beachfront condo complex so when I say right next door I mean they share a wall.

Would it make sense to develop a 200 unit apartment complex if the census data says people are leaving Bremen and not moving there?

I wouldn't necessarily be uncomfortable with that (I would actually be so proud haha) since coops are community-based complexes so their primarily reason for checking the background and financials is to make sure all their neighbors are in a good standing. 

As in, if I buy low in a complex and make renovations in line with other townhomes in the neighboring complex that are selling at a higher price like the example I used earlier, does that not matter because they’re in different complexes, and that has its own value in and of itself, even though they’re now the same in terms of style/updates, sqft, br/ba, etc?

I would avoid anything too close to the Presidential Gardens apartment complex though, that thing has been a mess for a long time.

We now want to invest in 4 plex or apartment complexes and have no idea which markets are good in terms of cap rate and also ease of management.

With the correct strategy, possibilities for cash flow may still exist even when pricing may be high.Explore Other Multi-Family Options: In more reasonably priced communities in or around San Jose, look for other multi-family homes like duplexes, triplexes, or small apartment complexes.

Additionally, since the loan is in your personal name, not an LLC, there might be increased personal liability concerns.Given these complexities, you should discuss them with a tax professional.

Even in the past decade, my wife and I rented a unit in a decent apartment complex for $885, the same unit now is $1050...and thats from their website so I'm sure its the teaser rate to get you in the door.