Our complex of 340 units has had a dramatic turn-around in sales, with prices at 1/2 what they were in 2007.

. :)  I agree there are a lot of apartment complexes and new ones being built.  

@Carol Zeroual is correct that corp. might be more complex to maintain comparing to an LLC.

Depending on your architect and the complexity of the project this can take anywhere from two weeks to a month with the permits taking a week to two weeks.

Like wise you can pretend you're a potential tenant and call around to apartment complexes in the area about what their rent would be and what amenities are included.

It's a complex situation, but as a minor partner, the major partners have asked that the loan not be paid as a lump sum since it would have an adverse affect on operating capital.

Start with a smaller project, and build complexity in a way that you can understand.

Specify that anything that occurs which falls into one of those categories must be responded to within 15, 30 etc. minutes depending on your specifications.I manage a large apartment complex and we do treat broken pipes as emergencies (some companies don't).  

I once owned an apartment complex where the tenants drank beer and played cards all day.

My partner and I are looking to buy multi-family housing complex, in either Memphis, TN or somewhere in the Dallas, Houston or San Antonio area.