Multifamily is incredibly complex and if you don't understand the metrics or calculations behind it, you're going to get burned. if you're just plugging numbers in until it "goes green", you are either going to miss out on deals or buy something you shouldn't. 

Given that you're not married, that adds some additional complexity.  

A&M Courtyard Apartments are a fully stabilized 33 unit apartment complex that is comprised of a mix of 1 and 2 bedrooms.

It also adds complexity to management.

For bigger, more complex projects, it’s better for our business to wholesale them to other investors.

Quote from @Jarret Jarvis: Hi Anca,It sounds like your parents are in an exciting but complex situation—kudos to you for helping them navigate it!

I am in the same boat of either 1031 exchange or refi some of my small multi's to purchase a larger complex.

I'm considering using hard money lenders or DSCR loans, but it seems like DSCR would be a bit complex.

With countless loan options, complex terms, and strict lending criteria, it’s easy to feel overwhelmed.

We've seen 3% for 100+ unit apartment complexes, but they also have onsite staff not included in the 3% management fee.Two other pricing options to properly understand:1) Fee charged based upon tenant payments or just occupancy.