Every market you go to will have growing pains associated with learning the market nuances, finding the right team, and finding the best deals.

@Ravi KaruturiRavi, a Project with a $10M “all in” cost will typically support a 70%-80% loan to cost (LTC).This means that you can borrow $7M-$8M which means that you will have to invest an equity infusion of $3M-$2M.More fundamentally, if you are asking a question like this, your priorities need adjusting.Raising capital from whomever, and especially from friends and family must come after you have acquired and can demonstrate the skills necessary to build a $10M ground up development.I believe that if you pursue a plan to raise the equity required that you will find it very difficult to secure bank debt without a track record and or the skills noted above.Feel free to reach out to me if you want to talk.

Its a pain to do any work with tenants in there, don't get me wrong, but it does not need to pass before advertising it for rent.   

It may be painful getting to this point, but once you get there you will be glad you did it. 

I feel your pain; I have also had to battle (at times) with my wife to hold on to my long term rentals!

@Eric Johnson - If your rate is good, you could consider doing a "subject to" deal where the person buying gives you a cash infusion for the right to own one of those properties. 

I am in this too, I have been doing work for some investors oversea and this is the pain falls that I found (time difference is only 3 hours though):- Tenant screening, we found that sometimes without meeting the tenant, everything looked good until the meeting.

Our situation: My father is a cancer patient, and I am a permanently disabled adult in my 30’s that is in severe chronic pain after a workplace accident.

It's a pain in the butt.

Exactly.Last time I counted, I had 23 business bank accounts, and while it can sometimes be a pain in the butt (for example, I have about 11 different checkbooks), at the end of the year, it makes accounting much, much easier...