I would say any rehab project would need to be fairly close to me.

I work on projects across multiple states and have a strong network of contractors.Regarding when to involve a contractor, if it’s someone you haven’t worked with before, I’d suggest waiting until after the inspection.

A great property manager will essentially work as a project manager and asset manager for you.

This will give you some info so they are not guessing on what will be needed (they probably already know rough numbers, but each project is different).

Local market trends: Could you share any insights into current rental market conditions and future growth projections for these areas?

My dilemma has been that I've gotten a little behind on some revolving debt that selling this property now could eliminate in addition to giving me cash on hand to trade into some better value or start a new construction duplex project I've been wanting to start.

Yes, distributions have been below expectations and way below NOI projections. 

The construction project in question would be in West Philly, if that's helpful.

Hey @Brendan Lim, what is your projected 5-year IRR (or Equity Multiple) on this investment? 

If your trying to redeploy your capital,  do you think that you can get more than 8.5% through other projects and could you do that more than once during that 4.5 years?