@Aaron LoganThe fact that there are 151 projects coming up can be seen as a good thing or a bad thing.

One more reason why long-distance management is a bad idea.

You guys make great money so buying a home isn't bad.

Current rents and building quality needs work, total rent income is around 5k/month, parcel is quite big 14k sqft.

Maybe there is something to learn, but most of the time it just makes you feel bad. 

If this is a bad deal because of $1,500/yr in interest run away and have your family sell the property. 

The reason i like working with Mark (along with the quality of what he puts out, which is better than most cost seg studies I have seen) is we have a great working relationship that we can readily discuss a client and their goals.

@Sidra Amir I have a needy tenant that comments on EVERYTHING we do at the property from small maintenance issues to having large pieces of equipment onsite for projects.

Cost of borrowing goes way down when no one wants to borrow like in a bad economy.

It may not be a bad idea to give yourself a few months to network and learn.