Personally I’m leaning towards acquiring several single family rentals (using BRRRR) and then trading up using a 1031 exchange for a multi family property.

Once we've acquired 3 or 4 small multi family homes, we would like to sell them all at the same time to give us the capital we need to use as a down payment on an apartment complex.

Just a short info I could acquire and I'd like to hear your thoughts on how deep and close to a crash we already are:Wells Fargo & Co WFC.N stop accepting home equity lines of credit given economic uncertainty.For me this seems to start just like it did between 2006 - 2009 housing market.

Once they are on the line you can inquire about acquiring their asset. 

We just acquired 4 apts in Orono which typically house students/faculty.

I acquired a home once and put a year into making it habitable again also but didn't add the value percentage you achieved. 

This is the annual return that you can expect to receive on the money that you've invested initially to acquire the property.

I'm looking to acquire a 5 unit property.

Those can be acquired at substantially lower $'s where it can really make sense for you. 

I would focus more on acquiring a good, solid property for your first one without trying to figure out your system for buying your fifth property just yet!