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.

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

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.

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. 

@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?

You'll let them break their lease and hand them cash.I manage 400 rentals.

But what I will say is that he is a disastrous relationship manager.

Analyzing the neighborhood and the asset condition is the key to projecting accurate returns.