You also have to deal with inter-complex tenant conflicts.

Now, from reading the boards for the past few days, I realize that many of you probably are *tsk* *tsk*ing me about taking on such a complex project for my first investment purchase but I purchased the property along with several relatives who implied that they were experienced investors due to their longstanding ownership of single-family houses.

This idea seems like it has large yield potential but at the same time also may not offer the immediate income that investing in an apartment complex does.I am just looking for an outside, experienced opinion on my situation.

I also want to own apartment complexes and offer student housing.

Ever managed a apartment building/complex of this size?

Rich,I was really more interested in the employee structure of the complex.

Quadruplex's are currently what's got my fancy the most, but I would also like to get into giant apartment complex's.

The situation is much to complex for anyone on here to be able to give you any specific advice.

Landlords might say that the tenant doesn't have to sign such a contract, but when 99% of local apartment complexes use the same lease language, it's hard to find a place to live without surrendering.

Of course ... it's a little more complex than my above ramble ... hence the need to see an accountant and attorney before you start.