So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that help!

Do you have a specific market area where you're looking to get a Limited Partner (LP)?

I live in Germany where the real estate market is really expensive.

Unless apartments are just not as marketable, then a multifamily building is likely the most efficient for construction expense, operating expense, and rent/SF.With a building of only 12 units, I doubt you'll see any time-based advantage by phasing in duplexes.

And yes, in front of the tree on the right side is the power line coming in from the street so there is that to deal with also.

In my opinion, Lincoln and Omaha (and surrounding suburbs) are going to be the best markets for the short and long term for a variety of reasons. 

Patrick Morrissey is local to my market.

Direct marketing, buying at auction, MLS HUD/REO/Short sales, PPC Google advertising, or something else?

@Mitchell Kosek, if you can afford to buy in your market, without question, you should explore house hacking before investing out of state. 

Hi Corey,First of all, congrats on the success.I do think it is in your best interest to leverage these properties right now, with rates dropping we will see more demand in the market in 2025-2026.You have a few options on something like this.You can do a blanket loan and cash out on the entire portfolio, you'd save a little bit on fees here and there; or you can do individual cash out refinances.I strongly recommend doing them individually if you can.