There is a ton of info on this site  https://eig.org/opportunityzon...One thing to research is the substantial improvement test.

Our private money guy then funded the difference and the cash that was required from us to bring at the closing table, while we give a pretty substantial return on his money.

In conditions such as those we face today, fulfilling redemption requests would require us to either substantially deplete vital cash reserves, or, even worse, potentially sell assets into a down market, likely at a price far below actual value.

Unless your rents are substantially higher than the comps the appraisal is right where it should be.  

Recently I did what I used to call a day trip to that property and I'm now curious if it qualifies as "business travel" for tax purposes per the IRS "Topic No. 511 Business Travel Expenses":"You're traveling away from home if your duties require you to be away from the general area of your tax home for a period substantially longer than an ordinary day's work, and you need to get sleep or rest to meet the demands of your work while away."

All other acceptable expenses will be required to be substantiated for forgiveness purposes.

Better yet, if you have people in the area, see if you can pick their brains about the pros and cons of various areas and use that to influence your decision.Good luck!

Even if you're not actively assisting buyers/sellers/investors, you can refer your sphere of influence to the agents in your firm for a referral fee.

A great multifamily deal (5+ unit) is one with substantial value-add ability where I can raise NOI and stabilize the building then refinance all of my money out (or even more) to repeat the process.

An agent in my sphere of influence.