I believe one of the reasons is there is special licensing that is required to lend on primary residences.

For example, smaller apartment buildings (5-30 units) will command a higher cap rate than larger apartment complexes (31 units and up specially 100+ units and up).So if they're in the same area, a 30-unit building might be worth 5% cap but a 100+ unit building might be worth 4% cap. 

Hi Guys, I’m an investor/realtor specializing in the Peterborough area.

If you're open to working remotely there are lots of excellent REI specialized tax pros here on BP. 

I have one, Amy Wan, who specializes in Syndication if you are interested in connecting with her.Is this considered a syndication?  

I also have a 1/12 which will need a special torch down or TPO.

I was extremely upside down, got married, had 2 special needs children, quit my job of 17 years and am a stay home dad as a result, trying to figure a way to make money. 

@Michele ZugschwerdtIf you are looking to get involved in real estate, you want a CPA who specializes in real estate taxation.Taxation when you have spouses living in two different states does make state taxation more complicated.

They are fractional ownership of a piece of real estate through a special trust (the Delaware Statutory Trust). 

I imagine it is more labor intensive and requires more specialized personnel, hence will cost more.