A lot of the larger apartment complexes where I live have varied rates based on length of lease.

Or a deposit for an apartment complex you are acquiring?

If you try large apartment complexes they probably just have criteria that if you don’t meet you’ll be denied.

I managed a 120 unit complex, all turns were done in 24 hours,Painting, carpet cleaning, turn cleaning, locks, we had a well managed crew and averaged 5 to 12 (during usually June) turns a month.  

Honest question, my impression is that condo investors do it to limit the time and complexity of managing the property. 

Also if you have a home office at your home and you drive to let’s say you have a big apartment complex you should be able to write that trip off every day you go there?

I can read and learn the real estate concepts with no fear of complexity since it isnt near the level of abstraction I was working with plus I can test it all out in the field more easily with a money incentive.Too young to buy houses even for you to live in?

Really nice with 24 hr security and gated.I might have to give in.If that is the complex I am thinking of it may have some extra strict ratio rental restrictions...waiting list when I checked.

If you  are in a partnership with partners then this calculation can become a bit more complex. 

There are three properties for sale on LoopNet and it seems like for a small complex/apartments the CAP rate is about 8%.