Because this is a complex transaction and a lot of stuff can go wrong.  

Im looking to buy a 26 unit complex, its buy point is 185k, its city appraisal is 150k, its comp ranges in the 220-600k range.Im looking for funding, but I have bad credit.

Bought a complex with 8-4plexes, plus two SFR's.

Lots of potential with a SDIRA but also a lot more complexity and risk.

If you had sought out professional investment advice in regards to the effects of taxation on your investment from a suitably qualified CPA then you would probably not be having this problem.I hope other investors who read this thread appreciate the complexity the taxation implications can be on an investment and seek independent advice before purchasing/investing.

With a degree in economics and a stint in commercial finance, the complexities of the moving parts attract my mind's interest.

If you have a 20 unit apartment complex it's $150.

We are under contract to purchase a 12 unit complex (that is near another apartment community we own).  

We are under contract to purchase a 12 unit complex (that is near another apartment community we own).

Many boards play hardball because they can lose their FHA approval status if rentals are over 50%, plus the fact that if they wanted to live around a bunch of renters, they would live in an apt. complex, not a condo association.