If we buy a building in a great location for an amazing price, I know my investors will be pleased in the end.Best,WOW, that's a huge building I can see why you say its more of a ship than a building.what were some things that you looked out for in the buildings that you pursued or may a key factor that helps to give you a better grasp of the deal or it potential. 

Yes it is entirely possible to invest in an area by never visiting the area but if people are planning to have a huge net worth tied to a specific city, you may as well spent the money to visit for at least 3-4 days.The trip doesn't necessarily need to be all business.Plan the trip appropriately - tell your contractors, tenants(if you want), property management companies that you will be arriving ahead so you can meet with them. 

If you're paying your personal bills with the LLC's funds, you've pierced the corporate veil and you may as well get rid of the LLC. 

@Maya Quarles I sent you those properties we talked about!

(the former homeowner is the borrower) Hard money is possible, but it's so damn expensive that I may as well just sell the house and 1031 the sales proceeds in to a new property.

The only way to avoid a lease up fee entirely is to show it yourself, screen the tenant yourself, and if you are doing those two items, you may as well manage it yourself.  

Though if you're willing to pay "$200 to $500," you may as well get a full appraisal.

If the answer is no, (and assuming there's no other creative way around the taxes), then we may as well just bite the bullet and sell and write a giant check for taxes. 

If you can find a small multi-family to house hack, you may either break even or maybe you will still have to may a few hundred per month.

Thanks @Maya Roberts for the mention!