This is a great place to learn and to connect with people so take advantage of all the great resources.

I am not going to deep dive here.I usually lose these sorts of deals to people willing to underwrite more aggressively. 

Either way, there are several people who make this work all the time.

Hello, wanted to get peoples thoughts on long distance rentals and how I should best prepare --I have two 3 unit buildings in Chicago that I have owned for several years.

For all the terrible things people say about investing in CA and yes the being not  landlord friendly is true, we have great appreciation and generational wealth has been passed on.

Real estate has so many tax benefits and credits available, that I always tell people it's crucial to have a CPA that's extremely knowledgeable in this area.

I don't often see people talk about it very much on here at all.

CT isn't cheap so if you plan on doing it there you are going to surprised at how poorly you do. maybe in the suburbs I'm not sure but as much as I know people call us from CT and everyone is rich and has lots of money and things are expensive out there. build to rent is a great model. we build 3 story walk up infill and keep it to the residential side. 3 units is the most units before it's commercial and you need engineering, etc. check comparable and things liek that. we came up with this design a year ago and we sold 10 if you want to talk further please DM me happy to connect. there are some great build to rent conferences. we went vertical not horizontal with it to save on build costs and design to fit on any infill lot. this fits on a 3500 square foot lot. most lots in our area are 30x120 or 30x150. in miami where I live now they are 50x100 or so. but any infill lot we can pretty much get this one on. there are some great build to rent conferences coming up too that if you like this topic I'd recommend attending I'm sure you'd learn a lot.  

How do you approach educating people on the realities of the business? 

Because they will already have reached their budget for selection of audit candidates.Any former IRS people out there who know?