I've been investing for 5 years, combo of BRRRR, Airbnb, and flips, near me and out of state.

I have owned/house hacked these properties for 8+ years and all expenses totaled up (including rehab projects upon purchase, major cap expenses, CPA costs, etc.) comes out to $1,200 per month.

If you have no desire or ability to go to your own hundreds of thousands dollar investment, why even deal with it?

We are both out of state investors.

I was wondering if anyone has any experience developing or owning something like this.

Traveling to other states isn’t an issue for me. 

I don't know what state you live in, but if you live in CA and own rentals anywhere, you have to have a CA LLC.

My focus is simple: helping out-of-state investors like you unlock the full potential of the Birmingham market.

Then we added one new gas furnace and then each apartment had their own furnace and also paid their own heat, as a result. 

I have rentals between four different states.