Otherwise with the dwindling tech sector in SF, and the remote work (2-3 days a week) that is most likely here to stay, it just doesn't seem like a strong mid term market to me.

Whatever market you are looking, I'd consider putting out a cash offer. 

@Heather Baileywhy not pick a market within a couple hours? 

approach it the same way you would interviewing a business partner because that is what you will be. 

In the self storage market, they have ratios based on population to determine demand.

Given your financial constraints and the property's ineligibility for historic tax credits, this approach allows for reinvestment into assets more aligned with retirement account rules.For future real estate investments, you don't need an LLC for tax reasons.

@Kash Tacke I'm a big fan of ADU's in general especially here in the mid west, yes you could potentially be on the front of the wave, but housing density is the solution to the affordability issue, anytime you are investing with affordability in mind is a great strategy to me, and sound like there are some incentives or at least supporting winds form the local city, that in itself seems like it would be worth at least approaching an architect or contractor to bid up some plans or concepts to take tot he city.  

I'm looking to pickup some multifamily real estate but the barrier to entry is crazy in my local market.

I’m not looking for a completely passive approach, even though I’d be managing it from outside the country.

Jonathan, if you want some knob and tube wire for your electrical museum, it's got that too...I'm out of my depth in knowing whether they are marketers or giving sound advice.