This works OK for a small portfolio of relatively static and simple investments like a private placement or crowdfund, but can become rather cumbersome and expensive with multiple assets or more time sensitive and transaction intensive assets such as a rental property.

@Jay Hinrichs turnkey ish sounds like an ok alternative; I was thinking a property with a manageable rehab, maybe something that might not be too intense for a first time investor.

Wouldn’t it be much less stress to own in a lower property tax state with less intense weather? 

New development is very dragged out, capital intensive, volatile, and expensive.You should connect with an attorney who specializes in real estate law there who does variance legal work and ample title work.

If you’re buying in a popular STR market it’ll be more helpful and less time intensive than reaching out to hosts. 4) Most people will measure STR profitability on an annual basis, not monthly, because almost all markets are seasonal. 

I played on the basketball team here in Mankato for 5 years and learned a lot.

The process was intense...

The training is intense, but the training also never stops and that is what makes me good at my job! 

Projected returns are really a function of investor demand--meaning the more investors that are interested in placing money into private placements, the lower the projected returns.Right now there is intense interest on behalf of investors for real estate. 

Not very familiar with the multifamily market, but we fund a lot of single family home inventory, which was built in last twenty years and was not rehab intensive.