I would contend it would be difficult not to learn a great deal by listening actively to the BP podcasts. 

And you'll have costs of sale to contend with as well as ongoing expenses like taxes, insurance, etc.  

LOLNow, some have said a net listing can be done in CA, with additional disclosures, but they still have to contend with restrictions as a Special Agent in self dealing......so it appears....LOLAnd here, all along, most thought James Bond was the only Special Agent!  

We have far more environmental regulations that we have to contend with, along with a lack of available supply of land.  

That losing money is with it occupied, so even if you somehow avoid disasters - you would have vacancies to contend with.Would the family member managing the property be interested in buying it?

Make sure you start with some strong contenders.

@Bryan Noth Id contend it is not nearly as hard to prove discrimination, or the intent of discrimination as people think it is. 

Property values have skyrocketed, taxes are high, and there are HOAs to contend with. 

PenFed is a top contender.

What does an investor look for that differentiates the pretenders from the contenders?