@John Underwood Curious, what license for FL? I

It worked for me in the past getting started 2016-2018 but I have not seen any deals (at least in FL) I would take the risk in terms of money and time.Best of luck!

. ($85k) The ONLY thing preventing the loans from being accepted is the square footage of the house. (500 sf) Everything else about the house passes with flying colors!

I much rather spend that money resealing the balconies and pass the visual inspection with flying colors.

In FL I would think we may hurt more by losing Europeans than losing Americans preferring to go abroad. 

They just get out there and learn on the fly. 

And fly to the area multiple times - if you can't afford to do this I would say someone isn't ready to invest OOS (any potential property issues are going to cost more than a flight, hotel stay and a rental car.

Again, I will emphasize I am NOT stating that Praxis Capital is a "bad" sponsor - they are not a fly by night Syndicator that is going to abscond w/your money by any means and I believe their accounting is likely very rigorous (and they do get generate their K-1s in a timely manner) but I have done better w/other Sponsors in terms of return for my money, investing in properties or assets that have held their value even during this high interest rate environment and perhaps even work more hands on w/direct management of their properties (w/their property mgr). 

And if you do decide to buy in Ohio, network with local investors (someone unbiased, not trying to sell you anything) and fly out there to get to know the area. 

Here in FL I would say 20% is standard.