Continuous participation.This is great if you are talking about an SMB with effectively connected Real Estate.Note rental activity is considered passive unless you meet the RE Pro threshold of 750 hours and more than 1/2 your time.This is the conundrum for passive real estate investors.If you have a full-time job or a large, time-consuming business it can be difficult or impossible to qualify.A huge loss from depreciation if you have one LP investment isn’t going to do anything for you.

I have clients that recently purchased a large single family home that was converted to two units.

Air Conditioning, if an city is hit or miss with A/C units does this play a large factor on rent and/or property values?

I will only have accounts directly with large banks going forward.

My family member wants to invest in a 24 unit apartment with me so I'm trying to run the numbers.My question:What reasonable terms can I get from my PM once I get a large apartment complex?

They usually have a specific court or courts that handle the cases.Most jurisdictions in large counties have some of the info online.

You need to do your diligence on what is included from each.Since it seems like you are at the very beginning of your investing journey, here are a couple things to know:Most lenders for large deals will mandate who your inspector will be, or at least have a small list of the companies they will accept from.  

I live in Phoenix and a solid deal on distressed MF properties are seemingly harder to come than other large markets.

Certain cost might need to be capitalized and depreciated over time and given the rehab was over $100,000 I'm sure there will be a few large transactions that need to be capitalized.

Floor rate is currently 5.25% with a large buydown.