This is a general question for security deposit deductions made by a landlord of a complex.

I can justify any price (and some high fee syndicators are still doing so), if I just play with assumptions, prepay and buy down my interest rate, and hope that sub-5% cap rates will be returning in the next few years.But if you know your market and market cycle, have an idea where interest rates may be going (this is an educated guess for all of us), and then have your assumptions, you can certainly have the conversations you reference with brokers and see what their take is on pricing and if it is worth writing.Finally, I have said this before and will continue to say it, whether we are talking single family homes or 400 unit apartment complexes, off-market purchases do not make something a deal.  

I gestured, and said come on let me improve your day a little bit and get you some coffee, and maybe something a little sweet to raise your blood sugar to help you will feel better.

As a PM and a fiduciary to my clients I use a more complex software than most self managers use and also employ a live revenue manager to scan my local area. 

Disclaimer: I can only skim the surface of various highly complex rules I mention below.

My family member wants to invest in a 24 unit apartment with me so I'm trying to run the numbers.My question:What reasonable terms can I get from my PM once I get a large apartment complex?

The two earliest popular and successful “gurus” were Jimmy Napier, whose speciality was investing in notes, mobile homes, and real estate “exchanging”, and John Beck, whose speciality was tax auctions, and complex series of exchanges in which John used near worthless lots acquired for pennies at tax auctions at full tax assessed value for exchange purposes, usually as a downpayment, or as collateral for a private note.

The more complex you want it, the more time it will take. 

If you're mentioning Agency, I'm assuming it's a smaller apartment complex.   

U can have apartment complex's that are 100% subsidized and those are free market properties NOT low income govie bond issue type deals like we see here.I don't know enough otherwise, so I agree.