Most apt complexes with even 10 unit's selling for over 1 million.

I am looking for some apt complexes in the bay area any one knows about one or trying to get rid of one 

Do I develop the land into apartment complex that could serve for future medical students and professors?

Hello all,I recently sold my business and am looking to getting my feet wet in real estate.I'm looking for an experienced agent, who doesn't mind working with a newbie investor.I would like to invest around $3MM in several apartment complexes over the next year.Cheers!

You will find various posts on evaluating deals. keep in mind evaluating a multi-family is much more complex than SFHs

@kyle   I agree with @Will Barnard you got to find an attorney/CPA to guide you on structures.Regarding the profit sharing it is ultimately whatever you guys agree on, and the more complex you get, the more complicated legal documents get, and the more costly that becomes.For being "Active" and finding the property you might agree on getting an acquisition fee, and it sounds like you'll be managing the property so you'll take a property management fee for that.

One down town complex that just opened has a theater, bar, meeting/study rooms, wifi, exercise room, pool, coffee/sandwich shop.....can't think of everything but there is more.Funds come from economic development programs and banks, tax credits are involved so the financing at this scale is more sophisticated than small projects.

Joel deals with larger complexes I'd start with him.  

I am just starting to get my feet wet in the commercial complex world.

Unfortunately, the rental condo unit that I own is within a complex that has fallen below 50% owner occupancy.