Its always advisable to consult with a tax pro and an attorney prior to forming the entity.

Please do not comment "consult with your attorney" I will absolutely consult with my attorney. 

I made and offer over the phone and he consulted his team and they accepted it!

You want to hire a consultant who is experienced in construction who is financially incented to reduce the cost of the project.

Based on past questions on this very topic, and answers submitted by many members, it almost always comes down to consult or seek answers/advise from an attorney or a CPA without getting a real clue form the BP community.

You will likely have about 16 units showering all between 6:30 and 7:30am, potentially with two back to back in many of those, and another 16 units showering before bed each night, and trying to do dishes.Again, you need to consult a plumber, if not building code as well, but my house has 3 full,1 half bath with dishwasher and laundry, and our plumber recommended a 50 gal for a family of 4.  32 units, potentially all couples, that is 64 occupants.

Always consult with your attorney before you rely on the above information.

Paying an attorney a couple hundred bucks for a consultation will likely be money well spent.

I plan to consult and hire an attorney before taking any meaningful steps.

@Angelo Aguirre remember you have 3 years from the time you move out of a primary residence and begin renting it out to sell your property and not pay any taxes on the capital gains (consult a tax pro).