Work Quality:I hired professionals to inspect the work, and they found multiple issues and evidence of negligence in the construction.

January rolled around and we suddenly had multiple offers.

Even with multiple units, with current interest rates and a competitive market (prices have continued to rise even with higher interest rates) think the Madison market is a stronger long term ownership strategy, where the bulk of your return will come when you sell from appreciation in rents and property value. 

Maybe a corporate group looking to house multiple workers like for construction or power projects. 

Will the capital gains in this scenario be considered passive income from an IRS perspective ?

Do you want to get into what can be a years long battle with multiple parties, including our darling city council, until you get to move into your home the way you want it?

I have a do use multiple tools for PM management.

If they're in the same state, that will make your legal team more streamlined, but otherwise, you have to form all new vendor teams when assets are scattered across multiple MSAs & states.

@Lolo Druffif you're really thinking about buying there then I would recommend going there in person, potentially multiple times, and building a network. 

If there are multiple offers waiving that would help but most homes on the market are not flying off the shelves.