Number one, if you want this in city limits, zoning will probably flat out refuse it. 

PS I’m all for buying real estate , but we know that having a  job can be a blessing for many people starting out. 

So many strategies available to you to start out with, a big part of it depends on if you are looking to be hands on or continuing to pursue other opportunities at the same time. 

Original investors are taken out plus profit in the sale.  

Someone that knows the ins and outs of doing a project like this in the city you want to do it.

If you are on the fence between direct ownership and going the syndication route, seek out both investments and select the investment that offers the best fundamentals and return profile.

Unless you find some more fees to reduce that to $370 you will be exposed to tax on the $10k difference so just a couple thousand there.The extra $30k of depreciation will get rationed out based on the purchase prices of your two properties.

I’ve gone to the alderman, I’ve reached out to a news reporter.

However Don what you lay out is exactly how these things usually play out at least up front..

@Lymarie CervoniCheck out Melissa data.