Handling an Enormous First Step

[Alan Roth]

New to real estate and just formed a corporation with two other individuals. One has no experience with real estate, however, does have experience with managing systems with a large company. The other has experience with real estate with multiple units, however, is way behind on up-to-date systems and technology. 

I have taken the responsibility with running rough numbers for multi-million-dollar purchases. I know how to get fantastically accurate estimates for simple single-family deals but was wondering if anyone had advice on where to start for running numbers for 50+ unit deals.

Also, if anyone has any advice on helpful systems and technology - or for managing larger scale real estate businesses to be a valuable partner, I'd gladly listen. 

Thanks. Location: Ohio.

[Nathan Gesner]

Quote from @Alan Roth:

I'm already concerned. You have no real estate investing experience, but you want to buy a 50-unit property? What if you buy the property and discover you suck at managing the tenants and property? What if you and your two partners realize you don't enjoy it? What if there's conflict over responsibilities, disbursement of funds, etc? What if one or more partner decides they want to cash out their equity and walk away?

I think you're asking for trouble. Before trying out for a pro team, ensure you enjoy playing the game, understand the rules, and have some talent for it.