Plus, like you mentioned, there is the risk of due-on-sale clauses if you move conventional loans into an LLC, so it’s best to plan your financing with that in mind.

Hi Amir, when studying different neighborhoods in my market I like to use quantmaps.

Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down. 

Quote from @Laura Yelin: Hello BP'sI like Sherman...I lived there for about 3 years many years ago and still sell and rent there.It's a slow wealth building market in my opinion, not get rich quick.Mostly blue collar stable town.

Hi Chris, if I understand the transaction it sounds like you will receive a 1099-S for the full amount.

20 townhomes sounds like it would be sales, but I don't like to assume. 

Can you imagine what that review would sound like?

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Then it likely takes hiring a GC to manage the project.  

You can read all the books, attend all the seminars and gain great insight from others, however nothing teaches like real life experience.