Let’s say I have 5 investors, a mix of fix and flip, buy and hold, and short-term rental investors who each give me their preferences on acquisition cost, cash flow, property specs, location, etc.

I know I personally prefer having a lender who is local. 

I prefer tax deeds myself, post auction lands available tax deeds in particular.

I would look for something that you can turn into a 3 unit or 4 unit but a duplex may work at least initially — a shell is totally OK (and may be preferred) if you have the budget to renovate (note that you may be able to find a construction loan with as little as 3.5% down although you’ll need to run the numbers to see whether it will work for you).If the answer to the first question is no (or the answer to the first question is yes and the answer to the second question is no), then don’t invest in LA because you are likely able to get better cash flow elsewhere to offset your current housing costs.

I prefer the online classes vs. classroom but it's up to your schedule.

I prefer to start with single family home but will be flexible to other type of properties.

I have studied many types of Equity structures in a syndication scenario with various types of preferred returns, equity hurdles, and more, however I have not been able to find anything about how a sponsor can buyout the equity limited partner in a long term hold scenario.

@Tyson Lee this is my personal preference, but I'm not a fan of properties that are all 1 beds and studios.

Certainly there's terms on the loan we have to honor but he's in the same boat utilizing agency financing as a preferred buyer.

I think the bigger issue is that it sounds like Brian would prefer to live in Baltimore, and that should also factor into his decision.