Full disclosure - a lot of it comes down to being willing to go out and network at different events.

@Hector Espinosa While cap rates can vary widely from one market/city to another and from one type and class of property to another (and based on the quality of the tenant), I did a quick search on LoopNet for MF properties currently for sale in SD and most "asking prices" suggest cap rates in the 4%-5% range.

I'm not a home inspector, but I point out many items to the buyer, so the buyer enters into the purchase agreement with eyes wide open before spending money on a home inspector.

You'll learn far more there than you would networking.

I agree that building my Charlotte network would provide more insight.

I am looking to network on here and learn a lot from you all !

I’d greatly appreciate your thoughts or suggestions on alternative approaches we might consider. the pro and Cons of this approach recommended by a lawyer, when it comes to tax, refinance, etc..Additionally, if you know of any CPAs or lawyers in your network who specialize in real estate investments and asset protection, I’d be grateful for a recommendation (DM me)Looking forward to your insights, and thank you in advance for your help!

You are in the right place if you are looking to learn, network, or begin taking deliberate action (like finding and analyzing deals) in your real estate portfolio. 

I've shared with my clients and the investors in my network and happy to shoot over via email if helpful!  

To make an informed decision, run the numbers, investigate HOA rules, start networking, save strategically, and explore suburbs with affordable homes.Good luck!