The property has 3 units, and will be owner occupied, but I added the owner unit rent as if I was renting out the whole complex to see what the numbers looked like and here is what I got. 

We are purchasing this property with the intent of eventually doing a 1031 exchange into a small apartment complex (within 7-10 years). 

Currently have a lot of investor clients who range from a new investor with one condo to large commercial clients with multiple apartment complexes and commercial buildings.Not sure where to start, so I figured coming in slow would probably be the best bet and gather thoughts about what direction to go. 

The key is knowing if a national or regional tenant would want to go in there.Larger spaces I have seen entertainment complexes, workout facilities, churches, indoor trampolines, outlet stores, etc.Additionally you can take a large space and cut it up to lease to multiple tenants at higher rates per sq ft.   

The end game for me is to sell off the smaller individual properties and owning a few mid-sized apartment complexes.

@Shital Thakkar no one knows exactly obviously but smart money i.e. big hedge funds and REITS are buying and building multi family complexes in Denver as we speak.

Would it be advisable to get a property inspection on a newly finished condo or apartment complex?

After reading a few books and listening to bigger pockets pod casts I know I may need to hire a property management company IF I go forward and purchase a 48 unit apartment complex that I have been talking to the owner about buying. 

My end goal is owning multiple complexes as an investor or partnership but I plan on starting small alone.

A student housing complex in Boulder, CO just got busted for turning 2-bedrooms into 4-bedrooms.