One piece of advice that I often give out to people is to find niche microcommunities that fit either your offer or your profile/personality, and this is a prime example of this.

This is because collecting rent is often seen as passive income, and the state may not consider this "doing business" that would trigger the registration requirement.However, states like California or New York may have specific rules, so it's wise to check state-specific requirements.Active Income (e.g., House Flipping):Active Business Operations: If you are engaging in activities like house flipping, property development, or property management, this would likely be considered active business operations.

Ask your PM how often they drive by properties under management.

I respect architects but they often don't know and/or don't care about the cost of doing things one way vs. another or how a simple choice can have an outsized impact on your budget.

@Kyle Fitch  often missing out on a condo is the best thing that can happen to you depending on your market and the project itself. 

Having worked with institutional investors in the past, they often WANT vertical integration.  

I think you have to travel back to Canada every so often to keep the benefits. 

Often people forget that the “credible source” they get their information from has an agenda.

As I said before I do not disagree with advice like paying down “bad” debt; however, he seems to not like debt in and of itself which in my opinion runs counter to what many on BP and other forums would view as a useful and often necessary tool and method for accumulating wealth in real estate.  

If you're looking at this from a distance, connecting with a local property manager could give you a clearer picture of what to expect in terms of tenant demand and property management challenges.Let me know if you need any more info or want to chat further about this.I hope that helps