There are many jobs open near me that are mostly multifamily properties or apartment complexes. 

Given the added complexity of multi-state issues, working with an accountant experienced in those areas is more important than where they’re physically located.

The big takeaway is that the IRS is clearly buying time on SECURE 2.0 implementation, which helps reduce rollover friction but also puts more responsibility on investors to be intentional during the transition.On the alternative asset side, the opportunity isn’t about chasing complexity or “private equity” as a label.

Then your heirs can inherit your position and keep it going every 10 years.....etc....as compared to the MIN which is due in 30 years.For example here are a few recent CRE deferred sales trust deals:- Owner who sold a $34M apartment complex and moved his funds into a Deferred Sales Trust. - $18M Business Sales of Veterinarians who sold multiple practices in Virginia and Indiana.Another example, was for a couple who sold their primary residence for $26M in Newport Beach defer $6M in capital gains tax.

Example: Instead of saying it’s “great for students” or “perfect for travel nurses,” focus on the features that make it appealing and let people decide for themselves, like:Walkability to the hospital3 bed / 3 bath layout (huge plus)Lease length flexibilityFurnished vs. unfurnishedParking, utilities, internet, etc.That approach still attracts students, parents, and traveling professionals without creating any Fair Housing headaches.

I may be thinking of something else, but seems after you start and there has been a form of accelerated depreciation that going back would be having to recapture what was taken....Mention this because since changing accounting methods would be complex and burdensom as mentioned.

Charging 10% of NOI is easier for accounting than recalibrating complex waterfalls every time the NOI grows.

I'm obviously not going to pay 2.25 million, I'd rather just go buy a 3 million complex and start receiving checks day 1 without the headaches. 

When I look at small MF, I focus on whether the incremental complexity (shared systems, higher repair volatility, management) is actually compensated with better stabilized cash flow and downside protection.

I’d also recheck your ARV using very recent condo comps in the same complex, since condo values can be much tighter than single-family.