I was talking to them about launching another larger fund. 

I'm still in the process of growing my portfolio, but have heard others 1031 all their smaller properties into a larger building and have a property management company manage, OR, set up a seller financing deal with another buyer that gives you the cash flow you desire. 

A larger home, typically means better neighborhood, higher end finishes.

We had one where they wanted us to pay for the majority of the costs to replace 1 mile of sewer back to a larger main.  

Looks better for them and gaining a sale and higher property value gives a larger commission. 

I am still rather new in the investing world, but I know with enough base knowledge and liquid capital of course, I'd be willing to pursue it for sure. 

Don't be fooled by the seemingly higher bars in Whitman, the normal line in Grays Ferry is actually closer to or above 250k for the same metrics while Whitman does not break that threshold:Keep in mind, Grays Ferry is significantly larger than Whitman. 

He can probably recommend a civil engineer that works on smaller projects like this (mine are all engineers working on larger developments not residential) and can likely take the lead on the permit process for you. 

My experience was mostly doing SFH/Duplex/Triplex etc. and had experience in larger multifam. 

The high end is the 20 or so co ops on 5th Avenue or Park Ave (one is on East End Avenue) that require liquid assets of $100 million + to gain board approval.