The forums are full of self-managing landlords who make little mistakes that turn into big mistakes that cost them years of cash flow (or more).If you want to be a DIY landlord, I recommend books, blogs, classes, or other resources to educate yourself quickly.

You can exchange 1 property into multiple properties in locations and any asset class (farm, office, single family, multifamily). 

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

They charge 15K for their 1 year support - a. the reality of this support : yes, they will respond to your questions but only if they are to understand how things work - like a real estate 101 class.

I've been a RE developer for nearly 20 years working in every asset class. 

The majority of the respective markets listed above are A-class.

Focusing on B and C-class properties is a smart approach for multifamily investments, especially in a vibrant area like Austin.

@Chris Kittle make sure you understand the Class of the property, so you can use appropriate vacancy + tenant nonperformance percentages.We recommend:Class A 5%Class B 10%Class C 20%Of course, we base this on our Metro Detroit market, so you may want to validate for the market for this property.

Vintage year is also very important, is this a c-class property (which it sounds like it is, maybe c-), B-class etc. 

Brad:  Syndications are the #1 asset class for SDIRAs.