Any asset you buy that provides income is an investment.Whether the home in your scenario is considered an investment or not really boils down to your goals with the property, but it also doesn't really matter.

We've already taken a few online courses and read some books, so we're getting our head around the multi-family syndication business.

Also your risk profile and total net assents in each LLC matters too. 

Investors looking for fix-and-flip or rental properties find it easier to maintain occupancy and higher property values in these areas, even outside of peak seasons.Why Less Seasonality Matters for Real Estate InvestorsFor real estate investors, markets with less seasonality can offer significant advantages.

Again though, as a CPA I let the attorneys work with clients and determine what is best as the DIY options might leave you with a void that renders the LLC (or any entity for that matter) set up ineffective and useless.

Your images matter.

Or maybe the ESA letter is from a bogus online source that isn’t acceptable.

It didn't matter so much that I got 10% off ($34k) on the 1st property in 1998 when I am making $1.66 Million above the purchase.

I started/continued cultivating about half dozen different commercial brokers, by taking incoming cold/warm calls from brokers for off market offers(calls I used to just hang up on) from their fund buyers and deep pocket private investors, and soon realized(as few of the brokers had warned) that off market deals for this asset are always gonna be low ball, no matter how premium my location.

It doesn't matter what amazing new way you have to target foreclosures.