No pass regardless of size.  

Whether your exchange is $100,000 or $1 million, DST investments can be sized to fit your exchange.

He just got a decent sized insurance settlement an I told him if he invests it right he could be set in the next 5 to 7 years.

Among all the other great information, you walked me through a couple of points I've really been struggling with in considering the jump to commercial MF properties.I would love to be able to get non-recourse loans, but from the research I've done (talking to some commercial mortgage brokers and listening to a couple of guests that are brokers on podcasts) it's likely I'll have to work my way up into that size property, which I really don't have a problem with.

Hi @Benny Moya,PMI varies greatly by down payment size and FICO.Great credit, 15% down?

The day job I reference places me in the construction and heavy industrial world as the corporate safety manager for a mid sized company.  

Can you get a loan for a decent size multifamily?

They should have an idea of the average expenses to run a building of similar size and class for the area.  

It is slightly below market on the rent; market may be $2250 (it is a 3/2 with nice size yard and 2 car garage in good condition). 

Three basic fees, which I won't share here (legal/professional reasons) but which are same or better than shown:Leasing fee negotiable/size of portfolioMonthly management fee/negotiableRenewal fee/negotiableEviction, inspections, move out/turnover management all included except for costs (filing fees, contractors, etc) and lastly, a small percent markup on repair services for the administrative load.Oh, and sorry, we're aggressive about collection so we keep late fees.