He brings with him an internationally active legal team, as well as building engineers and facility managers.

These are the different properties that are included in the 1031 exchange requirement: commercial buildings such as offices, schools and different establishments that are important for the population, as well as single family rentals, multi family rentals, industrial facilities, and even raw lands are included in the like-kind.

You'll have a property manager do the management (so you being close to it is not needed).Yes there are risks for some people to go out of state but if you learn the techniques like I have, you'll see it's actually easier and far less risky.

My issue with management is how they sometimes handle turns.

There are a few properties in the Midwest that manage to generate cash flow, although the appreciation is minimal—this is about the best scenario you can expect.

Looked around the site, I only see lenders, property managers, agents, brokers, etc. but not developers?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

If it's a horrible, very high crime area (and that is also relative) and you will never manage any part, in that instance I say run.

If you are going to have a company manage your property, I would recommend you find someone that is local. 

And if you do manage to get a property tax abatement or some relief from the assessor, that’d just be icing on the cake.Good luck, and let us know how it goes!