I would also consider investing in apartment syndications.

How working without a clear scope of work and a basic understanding of residential construction project management, as @Frank Geiger mentioned, just a vague idea that you're going to begin at the beginning and end at the end, makes it even worse.I started on a very small, limited flip, a basement efficiency apartment.

Hi B-Per's,I'm under contract to purchase a 18-unit apartment complex in Rossville, GA. 

You could, for example, hire someone to show the apartment and provide general information to the potential tenants.

For example, how would an apartment building lose its value in a market crash, and be tough sell?

Maybe consider a good deal on renting a room/apartment for now and invest your earned income in some of the cash flowing markets in or out of state.

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?