There's obviously quite a bit of diligence that comes after such as who the key principles are and their credentials/track record (both balance sheet and experience), the underlying real estate and thesis behind the investment & tax prep and audit procedures but as a general rule of thumb if the investor can't get past the first part which is understanding what they are investing in, passive investing is probably not for that individual. 

And in the same complex later built units had individual heat pumps and hot water heaters which the unit occupant pays. 

As I have noted in another thread, the number of individuals who post on BP about the Huntsville market that have zero experience investing or managing properties here has accelerated recently for unclear reasons. 

I'd echo what many of the individuals who have responded already have said.

I'm excited to be joining this incredible group of individuals.

I have a separate positive review of this individual on BP.We spent a great deal of time formulating a strategy.

Financing for RenovationsSince the property needs a full gut job, consider:Hard Money or Bridge Loan: Short-term funding to acquire and renovate, then refinance with a long-term loan.Private Money Lenders: Individual investors willing to finance the deal for a fixed return.FHA 203(k) or Conventional Renovation Loans: If you qualify, these loans roll rehab costs into the mortgage.3.

A mid-term rental could be an great option during the 6-7 months you're away since it appeals to traveling professionals, remote workers, or individuals relocating and offers stable income without the constant turnover of short-term rentals.

., (e). https://www.revisor.mn.gov/statutes/cite/82.73(e) Property management functions for individually owned or entity-owned real estate.

Yes, they are actually selling individual units as well