@Chris Seveney - Chris I know you know this, but sharing this for a lot of less experienced investors out there. 

I don’t know why anyone would take that risk for little reward.

However, I do know 2 investors who have purchased 70+ unit properties via seller outreach, but it takes time.

Let me know! 

Unless you're an idiot, and if you know you're one then stick to something really vanilla like VOO, SCHBB, QQQ, IYY and some T-Bills.

Buying a turn key rental, in an area you know or knew well, with a property manager you've met and trust, in an area that is large enough for you to have other options to find contractors and property managers? 

It’s likely the GC will subcontract the concrete work to a specialist while they focus on managing the permitting process and ensuring everything is done to code—especially if there are ADA requirements involved for the ramp.Let me know if you need help navigating the process or any tips for working with contractors.

I guess I don't know how lucky we are to have found our property management after hearing all the comments. 

I live in California.I also wanted to know if there was anything you wish you had known before setting up an LLC/IRA and why you chose to set one up and has having one met your expectations?

Is that because you don't know what your Real Estate goal is?