(not joking) He spent close to that amount approx 9 months ago to pain the car.  

The market here can change block by block, and that's no exaggeration.

Use caution in richmond and petersburg as someone else said it can turn from a safe part of town to crack town within a couple blocks.

Thanks for reading this post.I understand that setting up an LLC is not required in RE, and if anything it can be a pain to file returns depending on how you set up your LLC's.However, I am looking at a couple of properties in 'war zone' areas and out of state rentals and since I have a decent net worth, asset protection is something I have to do.On Youtube, I found 2 really good Attorneys who have detailed the how and why.

Know all the homes that have sold there (maybe narrow it down to a handful of blocks, neighborhood, or a zip codeIf you are ambitious) in the last 24 months.

The tenant in one of our properties has been calling us lately complaining about drug dealers on her block.

I definitely feel your pain and many of us have had this same inner conversation.  

This consists of an 11 unit building and 6 duplex scatter around a 3-4 block radius.

This is by no means a short and simple process as NYC is a pain in the you know what when it comes to everything.

I prefer having silent investors who will be happy with the returns than having a person think that they should always have a say and right to block certain decisions simply because they are either scare or on an ego trip and think they are now running some sort of mega empire and that they will save the world.Doesn't mean it will happen, but I have learnt to do my researches, plan things out and be smart with my money.