If you are managing a multi family remotely, you will have the ability to fly in and really inspect the place personally, when you make a decision to do something, it can be applied to all units rather than just a unique situation in an SFR (all sfr's are beautiful snowflakes) The disadvantage is that if things start to slip from your control it will effect the quality of the entire property, encourage the good tenants to want to move out and bad ones to move in.  

Hotel and motels can be tough and like any specialized industry they have unique operating and financing challenges.

Fixtures, because you can find unique things like, lamps, fans, faucets,door knobs that will really stand out and you can find them cheaply.

The light bulb came on for me 3 years ago pertaining to the fact I possess a very unique set of skills, resources, & training/ experience that most investors have to outsource, which to this point has given me a huge advantage during my recent property acquisition & purchase experiences.

I have rather unique niche (55+ community), so people are selling probably for different reasons than in regular communities, but still there are some cases that I can target in my marketing.

It sounds like you have some cash in the bank and may be able to do that.Ultimately, you need to assess your long term goals, followed by the amount of risk you are willing to / can take, and what your current options are.I also think our market is very unique, and unlike a lot of other major cities in the U.S.

Are there any unique circumstances to be aware of in the Janesville/Beloit market?

And for each state you have to abide by their own unique rules.

I see out unique advantage to him as being the high level of trust in each other and all 3 of us having a solid financial footing. 

We know what makes Dennis unique and therefore how best to market the town as a destination.