@R RaniTalk to @Michael Plaks, he is located in Houston and expert real estate tax professional. 

Box; rent can only be paid by deposit.For your convenience, the nearest location to your home is 123 Main Street, City, or you can execute a bank-to-bank transfer using the routing number provided.If you have any questions, concerns or maintenance issues, you may call or text my cell phone at <Google voicemail>, or you may email me at the address listed at the top of this notice.Please don’t hesitate to contact me with any questions about this transition or any other pertinent issue.

@Benjamin Romo where are you located? 

Are there any points of interest - breweries, cafes, shopping - that would be good to be located near?

I’m located in SE Michigan but I’m open to a weekend drive.

You didn't post a location but check out https://eminutes.comThey'll create your first LLC for free for the repeat business.

You can use a 1031 exchange to defer taxes, but you also face pressure to locate and close on another transaction.

Banks that know the location and value of the area you are investing in are your best bet guaranteed.

In an ideal situation I would add an additional partner that would focus almost exclusively on locating another owned rehab opportunity and to relieve lease up or financing issues from yourselves. 

If you target an area where you would like the multi-family to be located we can see what the entry cost would be and then go to a good investment lender to work the deal to make sure you can pull enough out of each home to get the next multi-family and get you on your way.