Louis story with 2 apartment complexes in gentrifying areas (what the agent told her): tenants had constant wear and tear on apartment units, many of them Section 8, she changed PMs and still didn't help, tenants had conflicts with other tenants, tenants tried to sue her, etc.  

Our young professionals don't have a huge tech industry with high paying entry level jobs, and large apartment complex, while they exist, are up against a large inventory or multifamily buildings that are 2-4 units.  

Others are comfortable managing a small, local, low-complexity portfolio to save margin and learn the business.

As I explore development (or co-development) opportunities in the 15–40 unit range, I’m trying to understand—from people actually doing it—where the balance of risk, complexity, and upside is most rational today.I’d value professional insight on questions like:Which markets currently make the most sense for small-to-mid multifamily development, and why?

Yes, it has more management complexity, but there are property managers that will at least handle rent collection while you manage placement.

Please let me know what's the best way to connect.Fortunately, BP has a msg. feature :) I just sent it to you.  

After the test you can get their feedback on features, issues, and overall satisfaction with the AI agent and how much they might be willing to pay for it.

They used to have a Discord community which they closed down in favor of a heavily moderated chat feature.

Suspended LTR depreciation/losses often aren’t lost, they can carry forward and may be released when you sell, so the “can’t use it” point may be overstated.Real estate sale taxes aren’t just 15–20% LTCG: depreciation recapture, possible 3.8% NIIT, and state tax can raise the effective rate.A 1031 has strict deadlines (45 days identify / 180 days close); if you need more time, consider reverse 1031 or a more passive “parking” option like DSTs.STRs can potentially offset W-2 income, but it’s more complex than “100 hours”—material participation rules and documentation matter.Cost segregation can be powerful but only if the deal supports it; it accelerates depreciation and can affect future recapture.Consolidating into fewer properties can reduce operational risk, but watch market/regulatory/insurance volatility.Best next step: compare hold vs sell taxable vs 1031 with full tax/return components (recapture, NIIT, suspended losses, timing risk).Always consult with a CPA who specializes in real estate.

Quote from @Jared Cornell: Hi Ana,I currently have a complex in the Syracuse market, I would highly recommend focusing on the outskirts or specific municipalities.