Focus on the big moves: security, renovations, and cutting dead weight. 

Given the size of portfolio needed that presses a need for it to be mostly A class assets to mitigate operational weight, so it could push closer to $80m in acquisitions. 

Not so much ;)So now investors are feeling the weight of dog properties…be it higher interest rates, non paying tenants, property values falling, government intervention (especially in CA), etc.

There are pros and cons but i believe for most properties the cons out weight the pros.  

Brady,When I do my screening for new tenants I would weight the rental history the most.  

Quote from @Paul Azad: Beautiful property Blake, and great growing area, i drove through a few years ago, amazing scenerey and perrenial vacation spot, would you feel comfortable sharing the structure of the syndication for the investors, fees, projected IRR, or time weighted avg returns etc from a potential passive investor perspective?

And personally I put way more weight on buying the right location as a buy and hold investor than saving some dollars on the front end. 

I'm weighted towards RE but I have been buying in the public markets recently (stocks, index funds, bonds, REITs, Master Limited Partnerships, Business Development Companies).

Overall, weight the pros and cons of a switch in manager and whether another manager would make the same or similar decisions in other circumstances.

I completely understand that the Costa del Sol carries significant weight in global tourism and international investments.