Many buyers in this market are experiencing challenges. 

Our portfolio currently cash flows, but cash flow isn’t our top priority right now since we plan to use this portfolio to supplement our retirement in 12 years when I leave the Army.My biggest challenge is committing to an out-of-state market.

Challenges?

With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge.

BTW, I am not disputing you, just playing devil's advocate and wanting someone to challenge my thinking. 

Who is handling the syndication related to their raising money?

There is so much that goes in a business, rental rates, rental tax, inventory,  job costing, payroll, business analytic reports etc, QiuickBooks does handle what I have mentioned here. 

What are the challenges of passive investing as opposed to traditional real estate investing? 

Challenges?

@Hank Bank BRRRR is probably want you want to do.Buy, Renovate, Rent, Refi, Repeat.Before you go all in and either find out you don't like being a landlord or you make costly mistakes, start with just the next one.You'll have some challenges with tapping the equity in the townhouse:1) What loan amount can you qualify with your credit & income?