Nonetheless, homes are trading and apartment rents easily keep up with the city average.

With most of the multi-family being very large apartment complexes.

The actual margins are largely going to depend on the level of finish that your client intends to complete relative to comps - no need to put luxury finish in an area where the attention to detail may not be as well-appreciated and vice versa. 

So, would I be able to rent the upstairs apartment to myself if the building is in an LLC?

Hi Anthony,They might just move out if they had another place to live.It's common for apartment complexes to allow dogs (of a certain size) and cats.

How much he wants down, how long the term will be, and interest rates will all play a part in his tax burden and income over the coming years, so this could be a bit of a fluid conversation with him once you get to an agreed upon price he's looking for like Shawn said.  

or just all cash on multi family/apartment?

@Jaysen Medhurst thanks for looking.I've has no problems filling in apartments. 

Its a new construction all the new apartments have them. 

If you have, say $200k, and you use it for a down payment for a $600k apartment building.