From talking to people who were more involved both time and capital-wise than me, I found that they will give their members deals (acting as a wholesaler) and many of their bus tours and what-not (where you get the big 100 unit deals) is basically a collaboration of members buying other members properties.

Once you have a couple GC's in mind, ask for references (minimum of 3) and past projects (maybe even ask for tours of previous work if the other owners are willing).

I see jerks selling turn key investments in the worst of areas to out of towners on bus tours that don't know any better.

Less time invested and more comfort = less potential profit.There are plenty of areas to look at so I would suggest doing a tour of the area and go from there.

Tips and suggestions on anything from organizing your ground team, red flags to look for in virtual 3D tours, or setting up business foundation. - If you were starting over, what would you do differently and what would you do the same?

I toured a lot of those 8 bedroom houses when i was looking for a place to rent 2 years ago... nobody WANTS to live in a situation like that, so my guess is you'd see a lot of turnover, which will cost you time.

Our agent always hurries us through the tours and while we were touring yesterday she was on multiple phone calls during the showing.

I would certainly stress to you to fly into San Antonio and tour the multifamily market before pulling the trigger.  

The most important thing to do in today's market is be sure you have a solid virtual tour of your property.

We told only 5 people (out of over 50+ inquires and 20 house tours) to fill out the application and they are all qualified.