We manage several multi-family properties in FW. 

And along with that, any insight into GP/LP on a project like this would be helpful.

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

Long distance investing/managing is an obvious for me since I move every couple years, but I retire from the Navy in 5-7 years, and I'll finally settle in one place. 

This will save you time and effort, as you won’t have to travel long distances to manage different properties or handle tenant issues.For your first investment, I suggest starting with 2-4 unit properties.

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

I went in one day and manager asked if I would be interested in buying a shell that was in default.

I feel that MLS is not accurate because not all property managers put them in. 

@Tanner Davis If you want to pursue either a fix/flip or BRRRR strategy, it sounds like you might need to find a partner/investor that knows you well and believes enough in you as a person to invest money in a project. 

There isn't much I can add here except for the local expertise of the Boise area and our sister company property management team get these inquires often from tenants - so we have seen many ways how not to inquire about it and a few good ways haha.