You need to have proof to justify your position.

But there are costs and upkeep that investors need to justify, so it depends on your investment strategy and tolerance for risk.This is an article that covers the main principles of asset protection to keep in mind when setting it up.

@Jeanne Hink if the numbers make sense to build do that, I'd go with another 4-plex if possible with parking underneath if the rents justify the additional costs and just leave the current units without parking.

If you are looking at larger facilities where the size and revenues justify a management company, then you could literally own one anywhere and keep tabs on it via the online management software, as well as quarterly property visits.  

The consumer side of me is trying to justify the purchase because I own and operate a small construction company “and I need something bigger for work anyway...”

WS and brokers have a nasty little habit of making up s*** to justify BS pricing. 

Fees should be clearly stated, easy to understand, and justifiable.

Since you lived in the home for two years (cumulatively) out of the last 15 - active duty personnel have an extension to the 2 out of 5 rule - you will not have to pay capital gains on the sale of tha property.If it is costing you to own the home it is hard to justify holding onto unless you plan to move back into that home at some point. 

I’m trying to find screaming  deals ,not mediocre deals .if I can buy a house for 5 grand  and rent it for 600 it’s really hard to justify buying one for 25k and renting it for 700 .doesn’t make business sense .

The answer is 'it depends' -- The December 7th Fannie Mae changes did make it more difficult to justify warrantability of condos, but some banks read these regulations differently than others.