Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

Of course, you can hire a local inspector to confirm work is done before final payment, but that all requires some pretty decent process management.

They are inexpensive but you will get low intent sellers that youwill need to filter and nurture.Irecommend finding a good guru course and sticking to it, partnering with another investor/or working for one, or have someone on hand that is knowledgeable that you can pester :)

I am guessing they can of course sell it off subsequently if it underperforms.The proof of the pudding is in their sustained payouts and capital appreciation.

We've already taken a few online courses and read some books, so we're getting our head around the multi-family syndication business.

And of course we know what happened with G floyd they rioted for over 100 straight nights..

Of course the listed price may not be the actual rented price, but by tracking several listings for a while you can gain a better understanding of the market. 

I worked with Scott who has always been immediately responsive and willing to assist with whatever I needed including introductions to lenders, insurance providers, local agents/brokers, tax specialists, etc.

You can do it either way and of course it is always best to consult an attorney. 

The only thing holding me back is talking to someone who has completed the course and is successfully making a career out of it a few years down the road.