Thank you all who responded, I plan on spending some time driving the neighborhood and talking to anyone at the local coffee shop who will talk to me. 

I asked about 3rd party accounting.His response was it'll take 6-8 weeks at least for them to come up with a plan but the conversion to shares is permanent.

Quote from @Michael Smythe: @Felicia Jenkins the shorter the term of the lease and the more tenants there are, the more challenges you'll face - especially if you plan to manage remotely.Who will be your boots on the ground, do showings, maintenance, etc.?

I think this business plan exists in all types of real estate and non-real estate businesses.

When i press on the cracked areas, it does not appear soft or wet.I plan to fix it, but I worry it may reappear in months.

I’ve just started his Land Trust program and plan to attend his 3-day workshop this spring.

I think holding is a great long term plan.

Would love to hear form some Multi-Family owners/operators in these markets about pros/cons and specifically neighborhoods to avoid.My wife and I have been to Columbia SC many times and, while we have never been to Little Rock Arkansas, we plan on going in Late March! 

Those policies that weren’t forced on the plan of last resort, the state run California ‘Fair’ Plan are significantly underinsured.

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!