I just looked at my brokers contract and there’s no way I’m signing it.

Covid brought us tremendous success so we got our contractor's license and opened Apogee Custom Homes.

I am a multifamily broker and I understand the space very well because I have represented over 100 clients at this point.

They may have an appraiser or broker perform a BPO (what they did for me) and so you need to be very sure the value is there. 

I'm sure they can find brokers who can find the same or similar properties.I hope you can make something work but I agree with others that you should start smaller.

Have you contacted apartments personally or are you taking the brokers word? 

It is my understanding that you can give Latchel a customized vendor list although my solution was to fire Great Jones (who outsourced maintenance to Latchel) and hire a local PM with real people and real local vendor relationships.

My loan broker tells me to not even think about 15yr mortgage (i don't know why?).

In many states you have to be a licensed real estate broker/agent to be a property manager.

Short and Sweet answer as a wholesale Lender.You can negotiate and tell the broker or lender what you want.