One project being an 84 unit complex on 5 acres.

Many of you that own multi unit complexes have a BOP Policy that bundles liability, property coverage etc...

Understandably your rent and competition is at the mercy on how well the other owners take care of the interior of their complexes. 

@Blaid ButlerCalifornia’s property tax rules can be complex.

I want the owner to get the cash out but don't want to make it too complex for them as they are aged and are looking for convenience.

The goal is to start with SFH and work up to apartment complexes eventually (possibly commercial strip centers).

They are pretty easy to get right now and they offer low rates and hope with you they will make much money off you eventually.You might should plan on Fix and Flip or Quick Flip right now in this economy and try to save all the money you can right now and getting into small apartment complexes are a better way to go. 

@Joe Villeneuve I disagree discounted cash flow analysis doesn’t assume the owner is paying the money and is definitely valid in this situation and can factor in the complexities such as refinancing a 15 year loan to pull out equity or buying more properties.

@Kevin PhuWe have a handful of attached garages on our complexes.

This is my first post and I’m looking to acquire a 16 unit apartment complex in El Reno, Oklahoma.I‘m located in Seattle, WA so I‘ll need a very reputable and trust worthy professional property management firm.Any ideas on fees, I‘m thinking 7-8% of gross rents?