@Bill B. check with a RE atty. regarding depreciation recapture. 

Noted re: dealing w/ Clev Heights!!!

This is an extremely interesting way to invest in RE that can be very lucrative, with the right team, the right market, and the right details in your strategy. 

I will bring it up with my RE CPA!

aw congratulations on passing your RE agent exam, no small feat!

A 60 yr old investor with a $30 mil net worth is in a completely different position than a 30 yr old investor with a $25k net worth--a "good deal" for one might be a terrible deal for the other.In real estate, there are no simple rules that you can always follow in all circumstances because RE involves so many moving pieces...you have to make a list of all of the relevant factors for a deal, and make a decision based on that, and your own circumstances.

I'd probably use local realtors to help re rent any vacancies and then possibly use a PM software like rent redi to keep everything in one place.Has anyone had management in place and then decided to opt out to self manage?

I don't know who to believe, so I'm considering paying for a RE roof inspection.  

And, that's good feedback re: 3/1's being harder, I didn't realize that.

There are a lot of ways to make money in RE.