This structure explains why institutional players dominate - they likely have the capital, connections, and infrastructure to operate effectively in such an environment.

I build at simple closet with accordion doors to make it as some and cost effective as possible.

I'd be careful - this kind of thing can put you at risk if you are wrong.A more effective way to do this that might contribute value to the world in some way would be to put together a reasonable, rational, and professional post, asking for feedback, and inviting the person you are accusing or highlighting of wrongdoing to respond. 

I work in comp so I have no issues building my own but I'd prefer to simply use one that's already created.Finally, aside from reviewing prior projects on the company's website and scouring the internet for reviews, does anyone have any tips on how to select a given company?

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I heard him once say in a podcast something to the effect of "if you don't get half the world to hate you, you're doing something wrong."

You are still overthinking it a little: no need to incorporate inflation, because it is just a devaluation of the currency, so it effects income and expenses alike.The fact that you are planning for capex items already puts you ahead of at least 50% of new investors, who just think about PM and repairs.One major realization is that you need equity growth to pay for capex.

Each option serves distinct purposes, and understanding their respective roles in the capital stack is crucial for effective financial structuring.Strategic Rationale for InvestmentThe rise in multifamily distress creates a ripe environment for mezzanine debt and preferred equity investors to support existing projects.

I think it's a bit speculative as the exact effects are hard to judge, particularly given how off many of the models have been.

With a 10% down payment, you can still leverage your savings effectively while keeping some liquidity for reserves and future investments.FHA Considerations: If you're considering another FHA loan, keep in mind the FHA rules regarding primary residence occupancy requirements.