I self manage all of mine in Indy and would be happy to chat about collaborating.  

We own and operate in  Columbus OH market and DFW, do you recommended them?

This structure explains why institutional players dominate - they likely have the capital, connections, and infrastructure to operate effectively in such an environment.

Many multifamily projects face challenges, including rising interest rates, operational inefficiencies, and decreased valuations, which drive the growing need for alternative financing solutions.This environment presents a unique opportunity for mezzanine debt and preferred equity investors.

Mine is an end unit, but the comps are looking pretty similar to this property.

What % of the $140k is going to operating expenses?

This is why it's in everyone's  best interest to operate their businesses in a manner that avoids gross negligence conduct. 

Many start an LLC for real estate and think they can get a line of credit or business loan - but you do not have an operating business, you are investing.

There are better more experienced operators out there... don't be swayed by the Brandon Turner marketing machine like I was.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.