Can the units in this complex realistically rent for $800/month/unit?  

In this case, almost all of the owners will be investors, and will likely always be an investment complex. 

Large unit count properties such as large apartment complexes with maintenance staff have much lower maintenance/cap ex than lower count units.

The ethics of real estate wholesaling can be a complex issue that depends on several factors, including the specific actions and practices of the wholesaler. 

I was browsing an auction website and saw this complex is going up for auction.

I think getting taxed as an S-Corp adds complexity and comes with a cost and wouldn't be worth it until it could save you a significant amount of money.

Am open to larger properties (such as 10-unit+ apartment complexes, etc.) but do not think I could currently qualify for a loan on such a property at the time of refinance (assuming BRRRR), even if I could find a private investor to make the original purchase for me.* Looking at BRRRR strategy as a way to more quickly scale property acquisition due to limited capital* Seeking private investor to assist with increased property acquisition as time progresses* Ultimately seeking passive investments that require little to no attention which will provide income stream* Looking to accomplish 3k of passive, cash flow income within the span of 3-5 yearsI have a few obstacles as I perceive them.

Hello @John Knisely, Thanks for the advice we have talked over what are goals for the partnership are but haven't put anything into writing quite yet, but I think that it is definitely something I should do to make sure we are all on the same page.We are looking for a multi unit rental for our first property and would like to eventually move into some of the larger 10+ unit complexes when we have the means.

I'd love to find an 8-cap apartment complex in Encinitas (where I live) but it's not going to happen. 

Some HOA limit the number of rentals in a building/complex.