You could take your pay in cash even and let the surplus build up in a wall safe or something.

I'll drive you down the streets of Lehigh acres where they build and show anyone the gap between market rents (real asking prices) and their pro formas 

I really can say that everything needs to be perfectly handled without any room for error.However, you do not need to go and study all aspects of Dodd/Frank, Safe Act, Senate Bill 43, the Property Code, the Finance Code, insurance law and all case law regarding wraps. 

From what I read in The Economist, these Sun Belt regions often see steady population growth which can drive healthy rent appreciation.

You'll be in the middle of the overall upper east side apartment market. 1 or 2 beds 1 or 2 baths in a nice and safe building.

Certain amenities can drive bookings (e.g. having a hot tub) but don't necessarily improve guest satisfaction.  

DealMachine is a powerful tool for real estate investors, especially for finding off-market deals through driving for dollars.

Also all docs are available via google drive.

But again, dedicated crews drive reno costs down.If you can connect with a flipper in your area (quick out your local REIG) and ask to come along when they scope out a job, you will get more from one or two trips than from a dozen books. 

“Lyons, I love seeing someone with your drive and vision diving into multifamily real estate in LA—you’re in one of the most competitive and opportunity-rich markets out there.