You don't have to visit the property or be physically in the market.

I'm particularly passionate about getting started in mid-term rentals in the Northern Virginia area.Outside of real estate, I enjoy any type of outdoor activity and physical exercise.Excited to learn and connect with you all!

This individual would have actually physically or electronically filed the document with the secretary of state or similar office.Company Applicant Category 2: Directs or controls the filing actionThe other possible company applicant is the individual who was primarily responsible fordirecting or controlling the filing of the creation or first registration document.

I think another tech company that comes in with simply online a la carte models of house buying; you pay a set fee for your house search, you have online legal help to navigate you through the contracts, you can contact listing agents to see houses physically, etc. 

I would benefit from the decreased cost of living (effectively paying reduced or ~hopefully~ no rent), but also would take a greater role in managing the property seeing as I'd be physically living there.

A pair of physical therapists and a pair of nurses.I wouldn't discount it if the area has the potential for a lot of traveling health care folks.

Where do you have the hub physically located?

I didn't do any due diligence as I had no intention of buying, but assuming title and physical condition were decent it looked like an easy $50-100k flip.

But the bigger thing I see is physical condition.  

I specifically want to expand on Chris's point by discussing capital risk buckets, which help set a target return range for IRR.At my company, they are as follows:Core: Lowest risk, Class A product, in Central Business Districts, ranging from 7-10%+ levered IRR (since you're in development, I assume this is most of the asset class you handle).Core Plus: Still low risk, strong location with potential upside, 10-13% levered IRR.Value Add: Medium-high risk, Class B+ or B-, mediocre to strong location with operational or physical upside, 13-15% levered IRR.Opportunistic: Highest risk, major upside potential, varying locations, 15-20% levered IRR.As for the GP/LP split on promoted interest, GPs can choose an aggressive split, but the decision should be strategic and consider the preferences and risk tolerances of potential investors.