Am open to larger properties (such as 10-unit+ apartment complexes, etc.) but do not think I could currently qualify for a loan on such a property at the time of refinance (assuming BRRRR), even if I could find a private investor to make the original purchase for me.* Looking at BRRRR strategy as a way to more quickly scale property acquisition due to limited capital* Seeking private investor to assist with increased property acquisition as time progresses* Ultimately seeking passive investments that require little to no attention which will provide income stream* Looking to accomplish 3k of passive, cash flow income within the span of 3-5 yearsI have a few obstacles as I perceive them.

I eventually want to invest in large apartment complexes, which will require this type of in-depth analysis.

I'd love to find an 8-cap apartment complex in Encinitas (where I live) but it's not going to happen. 

Others have pointed out the complexity and since its not really an arms length transaction any lender may want justification that the rent is no more than market rate.

So you may end up cancelling out a lot of your cost savings by introducing more risk and complexity. 

I'm currently looking for a 3-4 unit multi-family complex near Evanston, IL.

My local provider goes thru a large bank and does not finance larger purchases for larger complexes etc.  

Looking at a complex with a cap rate of 7%-- how do I find the cap rates of other similar properties in the area?  

I currently am a heavy equipment mech and shop manager for a major beverage company, but have worked as a maintenance super for a 165 unit complex so i am able to do that type of work if someone would like to do some sort of partnership and my wife was one of the office people at the same complex.

Appreciate feedback on this potential apartment complex deal.Number of units- 13 townhouses (2 stories and a basement).