I'm 22 years old managed to save $50,000 and i'm really wanting to get involved in investment properties, specifically multi family, and would eventually like to work my way up to apartment complexes. 

E.g. you invest $10,000 into an apartment complex that cost 5 mil.

Sometimes they are more obvious and sometimes they are not.My best guess is that when the complex opens up, it will probably drive the market rents for the immediate area.

I specialize in developing hotels and apartment complexes.

I would then buy a 15 - 20 unit apartment complex using leverage with a community bank.

If your MF is an apartment complex, that is a completely different animal with different terms. 

Tax reform was passed and tax professionals were looking to properly implement the changes from the tax reform, more specifically section 199A, qualified business income deduction.If the entities only activity is ownership in an apartment complex and the books/records are accurately kept along with there not being too many partners in the entity or much change in ownership in the entity, then yes, early in the year is feasable.However, if there is a lot of changes in ownership during the year and there is a lot of activity with ownership in other entities, then it may be difficult to have the return filed by 3/15.A lot of large syndicaitons do issue "estimate K-1's" before 4/15 so investors can file a proper extension.I also know Partners at a lot of large public accounting firms were not signing any partnership return that had 199A implications before 3/15.I am surprised everyone said they got k-1's by end of January...sometimes the IRS and states doesn't even release forms by that date...

Coming up on buying a 51 Unit apartment Complex. 8.23% Cap Rate bringing in 328K after all expenses.

Given the complexity of tax laws, I am only providing a brief statement on each provision.

In order to be considered a warrantable condo, the complex must have half the units be owner occupied and 10% of the HOA budget must go to reserves.