3) Understand what works in this market. 

@Zach Howardyou can usually post enough information in a thread without the address and people will usually happily help you analyze deals. 

Our focus is on mid market 50-100 unit's but happy to help.

If you have any questions or want to learn more about how we help clients all over the world that are looking to be passive investors then we should set up a call to discuss.Good luck as you start this exciting journey!

@Bob Dole Here's an article on REPS status that you may find helpful.

The cost of labor , materials , property taxes , inflation , interest rates  etc .

but selling a trophy asset in a great area and then dumping the proceeds into money pits just because of paper math... would not be my step 1.hope this helps

This approach is cost-efficient and eliminates the complexities of dual-state filings.

I hope this helps, thank you.

:) If nothing else, have any of the responses helped you decide what you want to do?