Great conversation on this complex issue.

I'm reviewing the financials for an LLC that owns a single apartment complex and have a few questions. 

@Mindy Jensen just this week the outdoor load cashier at menards asked me if "I have ever seen ground hogs day, because the same truck has been here 5 weeks in a row buying the same cabinets"  I just completed the 5th reno of a 22 unit complex I bought 5 weeks ago..

An investment group found a 140 unit apartment complex valued at about 8 million. 

For example we on residential sales side we focus on buyers who invest in particular town - like Newark NJ; for apartment complexes - we buy NorthEast.

You need to feed elderly people meals with specific diets 3 times every day.

I had a 42 unit complex that was all section 8.

Alexander,Given the complexity and technical acumen required for commercial RE development, you will need to learn from others. 

Sorry for a rather long post, but I have been overwhelmed with the complexity of the tax subject, and want to strike the best decision. 

Also, in my search for this type of system, I found a few articles written by tenants referencing apartment complexes that offered rental insurance to be purchased through them or the opportunity to shop around