I’m sure I could “figure out” how to source, negotiate, close, and manage a 100-unit complex.

I normally recommend more turn key properties for your first go at it and go from there.

I will definitely be checking deferred maintenance during the due diligence period and most likely there will be some needed.It's definitely not 100% turn key, there are most likely some renovations I can come in and value add, especially in the exterior and extra security to make the residents feel safe as it is a C class area. 

The key is time verses the amount of rent you will lose.Good Luck to you

This means you will likely have to use a transactional funding source adding to your transaction costs and lowering your margin. 

It is pretty much turn key and looks super nice.

Mls fees, board association, e&o insurance, general business liability insurance, electronic key fees, licensing fees, continuing education, any fees your broker might charge, increased auto insurance rates.

You have to key in all the factors compare to current product.

It's the three pillars of any business: execution, capital, and sourcing.

The key to all of this would be finding a great 203k consultant.