Plus, it would be a first renovation project, and other properties we may be able to close on are huge projects.

@Matthew Brown, I am not in this investment, but I would love to hear what drew you to it in the first place: how you heard of Fairway America, why you ultimately chose to invest with them and in this project?

Class A apartments have numerous amenities, professional management, and sit in desirable neighborhoods.

I am also involved in management at one of the largest STR property management firms in Cashiers.

We manage several multi-family properties in FW. 

I manage around 400 rentals and probably terminate a couple dozen every year for lease violations.

While qualified dividends get preferential tax treatment, real estate offers:Depreciation deductions1031 exchangesCost segregation opportunitiesHome office deductions for your management activitiesAnd more!

That means learning how to vet a manager.

I'm born and raised in Houston and now work with a full service long-term rental management managing over 300 doors - all SF or MU (up to 4 unit).

A great REALTOR will help you gather rental history and the cost to own and show you good sites for pulling rental projections, but you will need to do your own calculations.Everyone's mileage varies.