Markets are relatively efficient and the strong cashflow days were 5+ years ago.

My only complaint is communication, it can be difficult to get answers from office staff.

From contribution to getting communications and distributions. 

It gives him experience in public speaking, forming your own opinion and communicating with authority.

I'm looking at MFH $450k and up in the Ohio markets (Dayton, Cleveland and Columbus).Cash:- Higher CoC returns- No risk to being having negative cash flow with a loan (excluding capex)- Buying/negotiating power with speed of transaction - No interest payments- No risk of foreclosureFinanced:- Possible exponential equity growth - Growth of initial investment is leveraged ~4x and most likely beat inflation in a decent area- Mortgage interest tax deductions - Better financial efficiency from more doors- Better diversification across more properties Are there other considerations I'm missing? 

What matters more is whether the borrower in question has the (i) time, (ii) contacts, (iii) experience, and (iv) ability to effectively communicate & package their loan request to banks & credit unions in a way that is compelling to those lenders. 

Who ever imagined robots that are advanced enough they can create their own language to communicate with each other?

While this is less tax efficient, it would be less work / less stress.

Your attorney or CPA should be able to create tax efficient structure for you.To avoid this, keep management and decision-making localized to Alabama, and consult a CPA or attorney to ensure compliance with both states' regulations.This post does not create a CPA-Client relationship.

In 13 years of owning the townhouse I have never had any communication from the HOA board and no notifications re any annual meetings.