Your QI will own the property you are buying and you have to have bought the property before you sell the downleg.

I found this forum through the audiobook Crushing It in Apartments and Commercial Real Estate.I live in the Bay Area in CA, but have invested in Florida, where I fully own three townhouses bought over the past 10 years.

We had a client that bought in Port huron and then ended up selling their property because they went through 3 PMCs and gave up trying to find a great one:(Some copy and paste advice below:--------------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I implore you to do one of two things...1) find a partner that's been there, done that, and bought the tee-shirt so you can learn the ropes with someone who knows the pitfalls or, 2) start with a single-family or duplex with the guidance of someone that knows what they are doing.

To debunk it, we're going straight to the source — the IRS.The IRS says to keep records for your business tax deductions indicating:What you boughtWhen you bought itHow much you spentAnd guess what?

Bought a place a few months ago on market while doing a 1031 exchange..

Like BP.Just responded to a guy who bought a section 8 remote and is finding out the hard way that this was a mistake.

In fact, someone just called me last week and had a non-performing rental package that they purchased in the same fashion and the prices they bought at, considering the actual condition and historical performance of the properties was too high in my opinion. 

The original Civic was bought up by Roc Capital. 

Bought a 3700 sqr ft duplex in Ashtabula OH, the burbs of Cleveland. 4/1.5 and a 4/2 duplex.