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.

I recently purchased 2 rental properties in condominiums in Essex County, New Jersey.

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.

For instance with my clients we have looked at that level of 100 units and sometimes find an out of county or state PM company running the complex.

It is located in a complex where only 1 other unit has sold recently, but this unit is a 2/2 with 1178 sq ft.