I've financed ~600 multifamily units across 3 large apartment complexes located in the Dakotas (Williston, Dickinson) and Wyoming (Gillette). 

They are a percale weave. 

I'm looking to buy small apartment complexes in the $1million range, using a DSCR loan with 20% down.

I have a plan to sell all of my 1 to 4 family and maybe one or two small complexes and exchange for a large complex in my area   the issue is, the seller of the large complex does not want to wait for all of my holdings to be closed.  

I'm not sure if it's these guys specifically but people are paying $5,000 for some S8 guru.It's insane.Section 8 is not complex.

Would single family homes be the right next investment or would you expand into to multifamily/apartment complexes.

Would love to meet and get to know fellow like-minded Real Estate investors here in Knoxville 💯💯💯I'm currently looking to buy a 73-130 unit apartment complex here in the Knox area or a 200'ish pad RV site with city sewer and/or city water around the Gatlinburg, Pigeon Forge, or Sevierville area in the not so distant future for an out of state 1031 exchange 💱 If any other fellow investors are around I would looooove to get together for lunch or coffee sometime soon to talk shop and see what I can do to help you reach your dreams (real estate related or not!)

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. 

That’s not just them being conservative, operating a larger multifamily can be complex, and if someone doesn’t know what they’re doing, it’s very easy to end up with unexpected capital calls, debt issues, or tax bills that wipe out the upside.Multifamily also usually isn’t how investors get their start unless they already have capital.

For buildings that are mixed-use meaning to have areas that qualify as both commercial and residential spaces, the tax law can be even more complex and confusing than a single-use property.