That means, if you need to borrow $5 Million from a bank to buy a 75-unit apartment complex, your net worth has to be at least $5 Million.

@Aly Moyers I'd echo @Robert Feol and add that it depends on both the complexity of your scope of work as well as your comfort level. 

Well- first the complexity of the deal should really dictate the speed in which you would close.I think the fastest deal I closed was probably 8 days- Friday under contract- Friday the following week closing. 

If 5 already active real estate investors want to come together, pool in money, and purchase an apartment complex does that qualify as a syndication?

As many of you have mentioned in prior posts, senior housing can be incredibly complex at the skilled nursing level. 

I invest in 100+ unit apartment complexes, and I use "apartments" and "multifamily" interchangeably.

This condo complex has more than 50% tenant occupied properties and hence its deemed non warrantable condo.

Sorry if this is too complex to answer in text form. 

LEGAL RISK - If someone sues the condo HOA, it can spell major troubles for the entire complex.   

Purchase price: $1,050,000 Cash invested: $180,000 18-Unit Apartment Complex currently being completed renovated.This is an 18 Unit Historic complex located in the downtown core.