They see foreigners as one-off buyers so they're not too much concerned about building a relationship or their reputation in the eyes of somebody who doesn't live there for that matter.

The previous owner took exceedingly good care of the building and there was nothing that need to be done except to raise the rents.

.- I prioritize building strong, professional relationships with my buyers by taking the time to understand their needs and goals.

It’s just like having your 5 houses, only all in one building.

But I’d say the key to success is building a reliable team on the ground.

Especially on small multi family buildings since most of them are in more urban areas. 

Joshua Tree is a bit of a tough market as there are a lot of STRs in the area.Be prepared that your first year might be a little thin as you are new and need to build up some reviews to get rolling.The interior is a bit of a toss up.

I have used owner finance and hard money mostly to build my portfolio but need some institutional refi in the future.I'm also thinking about how this affects taxes, insurance.Thanks in advance for sharing your opinions!

I’ve seen several three unit buildings in weehawken recently converted.

I would be happy to share my experience in knowledge in this area (MA and RI) as I continue to look to build my portfolio.