The plan was to buy a warehouse, lay down turf and hard courts and lease the space to local schools and leagues and host tournaments.

Check with your local credit union.

BTW: did you check local ordinances about boarding room rentals (which this would be)?

I'm quoted in this article 8 months prior to the settlement predicting just that.https://www.axios.com/local/washington-dc/2024/01/06/nar-ver...

My partner and I are looking to get our next rental (currently have one in a more local market that has a property manager).  

So, if you were a 'new' investor, but with your current skillset and knowledge base, and had $750,000 in net sales proceeds from a recent downleg property sale, where would you recommend investing in multifamily real estate? 

Hello Gagan, Some important tools and resources I incorporate into my business to help finding deals is to network with local investors.

If @Drew Sygit doesn't have a local person for you, I have CFO clients in KC, MO that have used this firm: https://propertyvaluationservices.net/services/protest-taxes...

OP ask your larger local commercial real estate office for some recommendations. 

Since then I've bought two apartment complexes and will be building additional units on them using knowledge  and processes learned for Jerome and his colleagues.