Quote from @Amit Chugh: While searching for apartments, i noticed a commercial apartment listed as Section 8 property, does it make any difference from buyer/seller perspective when it's listed as section 8 property.

It allows the sponsor to buy and sell real estate within the fund as well, maybe doing multiple smaller deals.

> 5+ SFHI meant more like buying multiple houses to mimic the benefits of multi-family when it comes to vacancy risk + PM cost effectiveness.

We are already partnering on multiple properties so this is part of a larger plan, I just was wondering if there were other ways to think about the proportion of cash to equity.

PM companies charge a lot and if you don't have multiple rentals why pay them? 

., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

Our bank will let us use equity that exceeds 25% across multiple properties that are either owned free and clear or where they hold the first so long as the deal still cash flows with however much cash is brought to the table.

That’s a helpful perspective as I plan out my projects.Thanks again for sharing your insights!

I Hope with this new perspective perhaps some new options have opened up for you! 

Multiple offers situations are the rare exception, not the norm.