So far my vacancy and PM are lower than planned, buying it rehabbed so inspection will show how extensive that work was and what might still need to be done, but big ticket items are new. 

The buyer has a 5 year lease, with two 5 year extensions.

I've worked extensively in Omaha helping investors find insurance policies to fit their portfolio. 

I have an extensive background in business as well as management, but no experience in the commercial multi family business. 

Step one is extensive education, step two is get out of the pay check to pay check mentality.

Some people (like myself) primarily advertise on CL extensively. 

They usually do a thorough job at vetting the sponsors because some of them look for extensive experience.For active JV opportunities:As to how you can find apartment investors willing to partner, well - talk to people.

I would charge for the privilege of the short term extension but our area is very seasonal, your area could be different. 

I also have a background in renovations so I have an extensive knowledge on creating legal suites in different cities.

•Centennial Bank (Travis Marlar is great)•City Bank•Plains CapitalA note on lenders — these local guys are able to provide much more favorable terms than an online or remote lender due to their extensive knowledge of the community (and oftentimes the asset itself).As Jordan said above, we typically see on-purchase cap rates in the 10-12% range on C class multifamily assets around here.