Would be great to connect and discuss what kind of data would be useful to be able to collect remotely and monitor in real time.

hey jordan, i'm from st. louis originally and got lured back last year after a couple years in toronto. my wife and i are new to investing, close on our first property (a little sfr in the shaw neighborhood) in a couple weeks. we're in the same ballpark you are in terms of targets. we've been monitoring duplexes pretty closely for a couple months now, and it seems the market for multi-families in the neighborhoods you're hearing about (tower grove south, tower grove east, fox park) is very competitive. university city and clayton might also be areas to consider (near washington university and on our train line). i'm a newbie to investing but an olbie when it comes to stl, so i'm happy to answer questions you've got to the best of my ability. 

@Nick Monge like @Ryan Groene said, you'll want something that's monitorable from afar if you plan on self managing. 

Sincerely,MattIf you are using WordPress you can use the Yoast plugin to monitor Readability and SEO structure.

Per week i could spend less than 8hrs at a property , i dont feel that's enough time to monitor whats going on and i dont have the finance to get a PM.

Consider Reno, Boise, Sac, Sf baY, So CaL, Spokane, Seattle, Oregon all to be with in my reach/comfort zone as far as being able to visit easily to shop and monitor after purchase.

33 Unit - Asking $4350000 - ( I believe I can offer $4120000)Building is %100 occupied Current Rental Income -   $400380Total Additional income  $20698ExpensesReal Estate Taxes $66,695Insurance $8,407Trash $3,534 Electric $2,375 Alarm Monitoring $666 Gas $18,749 Pest Control $1,135Water/Sewer $24,051 Landscape/Snow Removal/Cleaning $12,168Management $34,439  Repairs/Maintenance $16,000Cap EX $20019                        TOTAL EXPENSES $208235NET OPERATING INCOME: $212843Dept service  $195600There is a big rental upsideCurrently the average rent is 1042 per unitComps tell me that if I fix up units @$8000 per unit - I will be able to get $1300 average on a unit.Once all units are done over the building should be able to fetch $6m after 36-48 months 

The house probably doesn't have proper drainage and can be a reoccurring issue.

Now idea how that would be monitored but if they could find a way I bet they'd get a new level of engagement from those with a lot of experience.I know I have my own questions from time to time but don't really ask as there really isn't a forum designed for and checked by those who have been doing what I'm interested in discussing. 

Make sure that your travel records are in good shape.You will make a major mistake if you wait until after the initial interview to learn the rules.The hours you spend as an investor reading reports and otherwise monitoring operations does not count for material participation purposes UNLESS you are directly involved in day-to-day management or operations.The IRS has learned that taxpayers seldom study the rules until after the initial interview, meaning that poorly informed taxpayers admit much in the first interview and then pathetically try to change their stories after they learn the rules (this is usually too little, too late).Goal here is to educate you, not overwhelm you.