Quote from @Allen Berrebbi: Quote from @Dominic Mazzarella: I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.

Appreciation is only a THEORY until a person SELLS, be it gain or loss. 

If a person wants a different outcome, they usually do something different.

With a loan, a person takes on a Debt Obligation. 

The owner was motivated due to personal circumstances and wanted to avoid the hassle of listing the property publicly.

I only spoke with one person so far and they scheduled for more information gathering/ rental investment calls from them this upcoming week.

You will have to pay higher personal income tax rate, versus waitingtill after one year for lower Capital gain tax rates.

In theory, you could QT the property to an LLC in your name and enter into a lease with you personally.

Avoiding accessive PM fees (personally I recommend most people self-manage)These will eat away at your ROI.

Juggling between work and personal life can be tough, but having a property manager can take some of the pressure off and let you focus on your other priorities