Then a hiring increase for local regulation officials or private sector to assess housing quality & approve it.

Ensure you understand local regulations regarding permits; it’s usually a good idea for your associates to form an LLC for liability protection, but individuals can do renovations as long as they pull the necessary permits.

Never invest in any city on this list of the 50 most dangerous US cities.Low operating costs: High operating costs are one of the driving factors for many companies, leaving states with high taxes, regulations, and other costs.

That doesn’t go unnoticed by regulators.

Distributions from a regulation d fund like this should be treated as passive income and therefore not be exposed to self-employment tax.

Now, if they are following SEC regulations, these should be spelled out in the PPM, but they might not all be in some glowing, highlighter-green table.  

One that may not be rebuild able under current regulations.

Additionally, make sure you’re familiar with local property laws and any regulations that could impact your investment.I agree with @Jason Wray that you can easily find a cash flowing deal under 200k. 

You need to research/know the rules, laws and regulations (including HOA if applicable), like you'd do in any US city.

In order to comply with SEC regulations, there is no platform to publicly announce your deal to the crowd (both posting on Facebook and publicly announcing it at an event could be construed as a solicitation, which is not permitted under the structure that most sponsors in the group use).