Once we hit $200k net profit, we are going to look into large apartment complexes that he will carry the debt on and I will manage for us. 

While walking to a local venue I came across a 5 unit apartment complex for sale by owner.

@Jacob Elbe I manage a 38 building condominium complex.

I have a multi family out there but am looking into the brrrr strategy for sfr in between larger complexes.

I was planning to start with a duplex, tri or quad but if buying an apartment complex is possible.

Or if you have a few residential properties and one large apartment complex, I'd have the complex in its own entity and the regular residentials in the 2nd LLC.I don't know how much it costs yearly to have a LLC in your state, but think of that.

6 plexes are considered multi-family so you can assume that the owner of the complex is an investor as well.

I found a seasoned mentor that is a Property Manager of an apartment complex and have her own PM business.

I am overseeing the turnaround of a large apartment complex, 100+ units, where most of the units are vacant and in need of serious rehab.  

Isn't this part of the reason a lot investors like apartment complexes... minimizes risks?