We have grown quite rapidly in Ohio (Columbus and Cincinnatti), and have doubled our portfolio size again in the last year.

My scenarios like this have been parents trying to get the grown kids out of their house, and the failure to launch son or daughter was not an ideal situation (based on a couple of early experiences).

That applicant and sect 8 wasted a month yanking me around on that property .... i am not sure if Sect 8 is like that everywhere, but that is what my experience has been like with them here.    

I had grown my available capital to well over $100,000, plus still had the available credit at 0.0% APR, and also had a few properties I sold with seller financing that will generate on-going cash flow, and great CoC ROI for several years.I've learned so much the past year, and most of the knowledge came from the many great people on BP, who were all more then willing to share their vast knowledge and guidance. 

We've since grown to cover all property management industries across the US.

I think if I had grown up out of state and my family is still in my home town I may consider investing there :)

It’s diversified across numerous commercial real estate asset classes, and by geography, and in just a year and a half has grown to be the largest non-accredited fund.

More than half of my clients are investors.Here my thoughts: Tampa home prices have grown exponentially in the last 2 years.

I have always said that a Turnkey Property Manager is much different then a property manager who has grown his business outside of property sales.  

However, you could each form separate property management companies, and he could loan to the one he is not involved with until the business is has grown to enough capital to pay off the 401K funds used to get started.