They are easier, albiet hard, to find than a larger apartment complex in the area and will offer you a good introduction into property management before you bite off a big chunk.Like Matthew mentioned you can also do conventional or FHA financing on these size units.  

Do NOT depend on your attorney when you have the complexity of tenants and government programs!

This model is not the most first-time user friendly - I intend to make a new one in the future to share on BP forums, but it's not overly complex as some may be. 

Are you trying to do something complex like syndications or DSTs or hard money loans?

Some localities do not allow the flat fee especially if you go over the utility expense.There are also companies who will do the monthly calculations and billing for you but that may only be worth it if the complex is over 100 units.Have you checked with the utility company to see if they can give you as flat monthly cost for electric?

The process can take between 1-6 weeks depending on the state, attorney you are working with, and complexity of the operating agreement.

I've looked into a partial lien release with my current mortage servicer but that adds quite a bit of complexity to this already intricate plan.

Is this complex a small part of the wealth the kids got?

Normally dealing with a problem like this is a big challenge, but dealing with it over Christmas eve & Christmas day with extreme freezing temps when no one wants to work adds significantly to the complexity. 

There is a sweet spot income wise where they move in and plan to stay a couple years.