One of the fundamental rules to all investing is, "are you going to make a profit and can you support the deal until you do?"

I feel that investing ~2500 miles away isn't fundamentally different from investing ~250 miles away.

As a newbie,Can anyone pls, explain the fundamental differences between a SFR & MFR?

After attending a local 3 day seminar presented by a national company, gaining a fundamental understanding investing, I now know that I am ready to test the waters!  

Salt Lake is seeing phenomenal growth with strong fundamentals.

Building a team will be fundamental to the success of starting your portfolio, but BP is a great place to connect with locals in the area you're looking to invest.

But, based on my understanding from the accountant, the fundamental issue is that the IRS considers it as a 1231 sale because it is "rental real estate", and as such, it is considered "ordinary income" (with some consideration for depreciation) - this is irrespective of holding period.It seems a bit strange/wonky to me, but I am no expert on taxes and the IRS code.

The program is fundamentally based on making money out of subject to deals and wrap arounds that are about to become illegal in Texas. 

I think the fundamentals remain the same, have reserves, know your market (laws, seasonality), costs to operate (vary greatly between long and short term) and have a multiple back up plans you can pivot to if needed.

The pricing in the book is outdated now, of course, but the fundamentals are still there.