Each unit is individually owned, with some owners holding multiple units.A few things I’m trying to understand better:Pros and Cons: What are the main benefits and challenges of owning multiple units in a property like this with a condo setup?

We are already surrounded on three sides by urban zoned homes.My neighbors and I have been approached by two individuals, one is a neighbor who is a real estate agent, and the other one a friend of a neighbor, who works with a real estate attorney; both individuals asked us to join them in working with the 5-6 developers they have approached.

SFD vs condo vs 2-4 unit, hold vs flip, turnkey vs rehab, passive vs active...it really comes down to each individual property/opportunity, what your goals with the property are, and if the numbers make sense or not.Best of luck!

Each unit is individually metered for power and water. 

Your write offs are also not effected, so you can write off miles also as an individual owner.

Mainly because you remind me of the unsavory individuals I have had the displeasure of meeting.  

Internal Revenue Service (IRS):- https://www.irs.gov/individuals/how-do-you-report-suspected-...5.

The choice depends on individual financial goals and 5-10-year goals.

Then come to find out his wife's father is incredibly rich (how dare we think any money came from the wife's family). 

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