@Nick HulmeMaking improvements to your primary to make it high quality enough to rent above market rents, rent it.

There must be huge numbers of folks in Funds I, II and III, so speak up! 

Any MF of the quality and size (50 up) I would have been interested in would have been cash flow negative for the next 5 years or so, even with 30% down.

@Greg Kurzner Thank you for speaking highly of me.

So I'm not trying to bash the market there, just speaking in broad generalities and of my own opinion.

Quote from @Simon Walker: Quote from @Andrew Syrios: Could you "split the difference" so to speak and go back to work for yourself but limit the number of clients you take on so you only need to work 20 or so hours a week?

I think it is different if you live there, speak the language, know the market.  

If anyone has the names of such non-profits and/or anyone with experience doing this as a landlord, I would like to speak with you.Michael King

@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Not being on the ground makes it difficult to monitor progress and judge the quality of work.