Just read this article in the dispatch detailing that, "by the end of this year, more than 10,000 residents are expected to call Downtown Columbus home, according to a new report that documents more than $1 billion in...

It's worked for the last 10 years because values have been constantly rising for longer than many of us remember.

At that point you are simply shifting investments with no penalty and you can avoid the considerable hassles for financing and purchasing (often underplayed only this board by users of the method) with that type of retirement account.

While REITs can be great investments during a strong market, they are highly correlated to the stock market, tend to rise and fall with the economy, and their value can be impacted by events that have nothing to do with real estate.

When I look at them, I could squeeze out a tiny cash flow as they are now, but I envision that after the maintenance is complete and the HOA fee goes back down to a reasonable level, we will see prices rise and buyers show interest in this complex again.

I'm projecting our gross rents to rise to $6000 with $100K in rehab or an increase of $1700 per month or $20,000 per year. 

From what I’ve learned the sponsor makes considerably more and that seems understandable to me since they are doing much of the legwork throughout the project.

What are my best finance/rental property options here for cost and taxes (both for me and some consideration for my dad). 

@Joseph Cacciapaglia I’ll definitely take that into consideration.

If you have to bring in a property manager you may reduce that income significantly and if you're leveraging the purchase, then you need to take that into consideration as well.