Syndication seems to be a buzz word on these forums but there is a lot more complexity to it.

I am just curious, If you have no experience in property development , but have been an investor in apartment complexes , along with buying and flipping houses, could you start by buying small properties and developing them, and then the more you grow in the future, the bigger the projects you can fulfill?

In my search, I became aware of a large apartment complex that was in my area that was up for sale.  

I'm looking at purchasing a condo from a turnkey company in Indianapolis and it looks good on paper but wanted to check with you folks.Here are the numbers:Price: $65kRent: $1075 (2bd 1.5 bath)Expenses (PITI, PM, HOA): 697.8310% Vacancy, 5% Repairs, 0% CapEx (turnkey comes fully reno'd): 161.25Cashflow $215, ROI 16%Looking at the MLS, the condo complex has a dozen other properties currently listed for sale and they've all been on the market for some time now.

I found a large (32 unit) multi-family complex in Detroit for $815000 before closing costs, taxes, etc.http://www.realtor.com/realestateandhomes-detail/1...I used the analyzer on the site and one from http://www.finestexpert.com/Investment-Property/Fo... to crunch the numbers and see if I was using the tools correctly.Note: This is only for my education.

Good point, but that's quite a complex way to look at it. 

I knew that larger apartment complexes were evaluated differently, but I didn't know that it would also be the case for, say, a simple duplex among single family homes.

This property is a penthouse on an apartment complex.

In Oregon for instance one city ban's nightly rentals  No Air BnB  you must have a permit to do this and they only give out a small hand full.This also illustrates clearly that when you buy rentals that are going to be section 8 your property is what it is and will never really go anywhere as for good bad or indifferent you are on the face lower the perception and reality of the area... so when you look at what's happened in the last 20 years were rental business has exploded into mom and pops you have whole sections of towns and cities that will go through and have gone through exactly what this article describes.The only time this reverses is if like this property its a big complex and the owners have the right to do this... or if its SFR in an area of a city that is regentrifing @Ben Leybovich  watching the move Thomas Crown Affair when I was on the stair master and the lead female ( Rene Russo) character was born and raised in Lima Ohio... how random is that.

My local credit union just uses TransUnion.....my first apartment complex used Experian.....my first mortgage used Fico....and on and on.I would recommend you first ask to speak to a supervisor (typically the clerks you deal with can't override bank policies) at your bank and see if they will go with your highest score.