I live in Texas but invest in Oklahoma City and it meets a lot of your criteria!

Did it meet your expectations, fall short, or exceed them?

For tax purposes, it’s about whether you pass the 750-hour rule, the 50% rule, and meet the material participation requirements.

@Azita NejaddehghanWelcome to BP and DMV and look forward to meeting you!

I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well. 

I am there vetting GC's, researching investment properties, and meeting with agents. 

From there, you can start to analyze markets that meet/exceed your required ROI.Hope this helps...  

At that point, it's worth researching and finding a solution that better meets your needs.

I'm still new at this, but from what I've read and heard speaking to a seller who's note you're considering buying before you own it is a big no no and could get you in legal hot water.

They haven't had a meeting since 2018.