The cost of entry is low, and cash flow is high.You can find distressed off-market duplexes under 120k and SFH under 80k in B to C-class areas.

I too, am hopeful the City gets the right model at the building department to handle the volume of permits and inspections. 

Your plan to handle the strategic aspects remotely while a property manager handles onsite issues is smart, and as long as you log your work and stay hands-on, you’ll likely qualify for active status.

A lot of stuff I handled myself.

As expected, consulting with your CPA and the qualified intermediary (QI) handling the exchange is best advised.

Some used more creative ways to handle the needs but it is still a capital call and dilutes the return (if anything left). 

My father is a certified contractor in NJ—he’s built one home, flipped four, and consistently handles upgrades and maintenance for me and his other clients.I’d appreciate any tips or stories from those who’ve turned equity into a profitable venture.

@Peter Walther: You've handled a lot of these, Do you concur or do you have a different experience than "If the Warranty deed is not recorded then the title has not transferred and the original seller still owns it."

Here $10 is reasonable) to each unit's monthly cost for the work to handle this utility cost and associated billing and put this in writing in each lease renewal.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?