I have also recently been reading lots of posts here, and books, such as David Greene's Long distance investing book. 

@David Greene 's podcast http://greeneincome.com/category/podcasts/ should be a good resource on the topic :D

The cash flow can look nice, but deferred maintenance, vacancy, and cap ex costs can eat up a lot of that cash flow especially inside the city limits where a lot of the housing stock is 100+ years old.

The Deal:I'm doing the @David Greene thing and investing out of state (even if its only 90 min away).

@Brittany King I just finished listening to this BiggerPockets episode for the second time because it was just that good.It talks about the G.P.S.A method:*GOAL*PLAN*SCHEDULE*ACCOUNTABILITYIn this episode from @Brandon Turner and @David Greene one tiny bit of information was:If you write down your goals you are 33% more likely to achieve them.

Our hopes are to sell the units individually as the area has very little in the way of starter home priced properties, but is extremely popular because of the excellent school district and high quality community.We are considering flipping the standard "one road" site plan and instead running a one-way street around the back of the units and facing them all into a common green space (pocket neighborhood style).

Are we supposed to eat the $9.95 loss each time?

Like David Greene does.Off--market?

With the respect that all humans and in addition our elders, deserve.Quoting a line from Fried Green Tomatoes "I'm old, I'm not a child."

@Patrick D Green Thank you your service sounds excellent.