The value of the property and how it’s distributed relative to ownership stakes will determine whether it counts as a taxable event, I believe(I’m not a CPA or attorney). 

@Travis HillAlso to your point on driving around I’m a big believer in grading the street within the neighborhood.The neighborhood may be an A but if the streets a C - it might not be a good flip opportunity but a good rental

@John Keane A few comments:-If you aren't able to raise the funds from your closest friends and family it is unrealistic to believe you will be able to raise the money from anyone more distant to you.

I believe this is Andrew Street company.

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

If you believe it will continue to appreciate (like most of San Antonio), I would hold on to it even if there's a bit of negative cashflow for the first year or two. 

I am a big believer in building a team and will never do another deal again by myself.

@Puneet MahiIf you are going for the visa, I believe you have to go the franchise route.

That could make for some great opportunity on the appreciation front if you believe they will bounce back.Columbus is talked about adnauseam on the forums.

@Spencer Cornelia can't believe i missed this part. i was actually browsing youtube and came across your channel, small world!