Is employment diverse or tied to one industry/company (i.e., any towns near the oil fields of western North Dakota can be risky...the region is heavily tied to the strength of the oil market which can be great when everything is going well, but can get ugly quickly when the oil market turns)? 

After I complete this project I plan to purchase next in Columbia, Missouri to diversity to a little larger market not too far from home. 

On the positive I have rights to market myself off the property so I have signage on it that promotes my wholesaling on a high traveled road. 

Like a monthly amount for logo placement and promoting

Performance based structures are typically reflected in the waterfall and promote investor confidence, but a reasonable management fee can be an overall good thing for a project. 

I might get a promotion!"

Wisconsin area stating that last year they started a rent promotion program where if tenants have a certain amount of volunteer hours logged with a list of pre-approved organizations in the city where the rental units are, that they got a 10% reduction in rent. 

Can you explain what BREIT's "promote fee via up preferred return and waterfall" means? 

However, I do like a bit of diversity and will likely hang on to at least one condo as I continue to build out the rest of my portfolio.  

More options promotes competition and is great for consumers, but it's also more to sort through.Prior to setting anything up, be sure to acquaint yourself with the prohibited transaction rules.