If you own apartment complex with a $2M loan at 5.5%, your monthly payment is $9,166. 

Remember that in apartment complexes, the value is determined by the income it generates. 

I live on Whidbey Island yet do own a couple multi-family / apartment complexes in Yakima. 

If you can offer a better value than the apartment, there will probably be some tenants who prefer a home with a lawn over an apartment complex.

It can seem a bit complicated at first, but once you have experts working for you they take care of all the complex parts.Bonus depreciation had some great changes, namely the increase to 100% and that used property now qualifies!

I own a condo in a complex with 150 units. 

Househacking can be a little complex for tax purposes.You have a primary residence in addition to a rental property.You are eligible to deduct direct and indirect expenses related to your rental property.Direct expenses can be considered items like repairing an appliance in the rental unit  or doing the flooring in the rental unit.Indirect expenses are items are items for the full house that you would pro-rate to your personal residence and your rental property.

It allieviates the need for an LLC (additional cost/time) and any complexities that may come in forming an LLC.

No one looking to buy wants the business, they want the property which can and will be used to build an apt complex of at least 50 apts (on the conservative side)  and possible +100, which we've been told by the board is very likely since they want to build the area up.Does anyone have any experience in building a complex like that from scratch, i want to get into real estate and me (his son) this could be a huge step in the right direction, we have some investors we can sit down and talk with in the near future.

My husband has been a project manager for major commercial construction (hospitals and medical office complexes), so he knows how to run construction projects.