Pre-2008 groups of investors would buy apartment complexes in LLCs without PGs to do value adds, then refinance to take their cash out and walk away from the property without any ramifications. 

It would include 40 one-bedroom and 60 two-bedroom units of affordable housing for residents of the Beecher Terrace complex being razed in the Russell neighborhood west of downtown, according to a resolution background statement reviewed by the Louisville Metro Housing Authority in May.What are your thoughts?

If you'd provide me with the details of the deal, I'd be happy to provide my two cents.The student rental market is also a little saturated from all of the newer student housing complexes. 

But if you were talking about the maximum # of FHA mortgages with multi-family and they said, "we'll I'm also thinking of looking into some commercial options," they probably mean they're investigating whether they can acquire more units by going with commercial mortgages.Language is hard, and the complexity of real estate doesn't help, unfortunately.

Good advice don't even think about a mobile  home park, better yet build a 12 unit senior home apt complex.

I'm trying to build up my rental portfolio to add a few more by the end of the year, Or just one 6-10 unit apartment complex.

Hotels already have the general layout of an apartment complex plus an elevator, common area and parking.

@Mario AmIf you love your time, as you said, you won't want to be managing a 15-30 unit apartment complex.

And secondly is it possible to do a 1031 exchange it if I want to roll into a bigger park, or even an apartment complex? 

@Vivek Desai it really depends if you have the energy to maintain the exterior of the home - if not, then a condo/townhome would be a pretty good option if the complex allows rentals (have your real estate professional check this for you).