The LP got it from a friend who is in some kind of real estate mentoring program.

Low barrier to entry, low taxes, landlord friendly, and areas that appreciate + cash flow. 

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

From the architectural wonders of Downtown to the tranquil, family-friendly communities on the outskirts, there’s always something new to explore and learn.The city’s constant evolution means different investment opportunities are always surfacing, whether it's the push for sustainable living or a growing emphasis on smart home technology.

rent out all the bedrooms to your friends. 

A 50/50 split, while not uncommon in the world of flipping, is very sponsor friendly, relative to the typical syndication which will typically start at 80/20 or 70/30 splits, with a vast majority of proceeds going to the LPs, along with a preferred return that gives them 100% of the cash flow up to a certain annualized return metric.  

I believe you know my good friend Keiton Stender at the Mills Group.

My experience with friends/some clients is get their numbers via whatever method you can and reach out via the phone.

Just google the following: - special assessment - zombie condos - Florida condos (look for recent news)Since you are not living near the properties anyways, why not look in a landlord friendly state where the purchase prices are lower?

I have a potential partner who is a long-time friend.