We have found that setting our expectations about what we want is helpful (financial performance, level of renovation we can handle, forced equity opportunities, number of bedrooms, etc) and then waiting for a deal to materialize. 

You can't ask someone for money, but also not disclose things because you don't trust them.

Would recommend working with a trusted broker instead. 

As for building a team, that’s what I’m trying to do most at the moment, since I will definitely need people I trust in finding properties.

Example - 10-20 hours this year managing your local rental vs 30 hours this year learning about other markets and finding third parties you can trust.

It will provide you with zip code level of market rents, rental demands per metro markets.

I had to do an elaborate french drain system with multiple pumps as the lower level units would get water with hard rains. 

@Anna Davis - I agree with Stuart that most properties at Auction need some level of work, especially for a retail/consumer buyer.

I've not invested with 5S so I can't comment on their product and management specifically but I can say for build to rent, if you’re considering this, ask yourself: Does this fit your investment strategy and comfort level?

It doesn't seem fair that I'm unable to reciprocate on their level.