Real estate is a team sport and that fact is exacerbated 10x in multifamily.

It's like any company or sports team; the tone is critically important and it is set at the top.Oh and most importantly as a person evaluating such a group you need to know about track record - you can just google Mark Kenney, he's done thousands of doors.

Masters of Sports Administration.

The key to any of this are the partnerships...with your other GPs, brokers, property management, CPAs, and attorneys...this is very much a team sport, and the best way to play is for all sides to win.

People always say apartment investing is a team sport, but I didn’t fully embrace that right away.

But it works, simplified, like if you owed $500 to CA but paid state XX $300, then you only have to pay CA the $200 difference.CA may not be able to get blood from a turnip, but they will suck that turnip dry before they let it go.Likewise if you, say, play professional sports for a team in state XX, live in state XX, make $20,000,000 a year, play 1 out of 20 games in CA, they want that 1/20th of that two million taxed in CA...but they will give a credit for the taxes you paid in state XX according to the interstate agreement. 

the trick is to have a house near a popular bar or sports arena / field if you want to cater to a younger crowd

Because of the low humidity, evaporative cooling keeps the house comfortable even on the hottest days and is way less expensive that A/C. 2) Outdoor sports.

The conditions are just part of the sport.

Entertainment is surprisingly decent for such a small area (at least it was before the U.S. all shut down), but you'll still need to head to Phoenix to see any major sports leagues.