And it could cost many, many thousands of dollars in legal to eventually win or lose.

Certainly this is not the case for everyone but a cautionary tale nonetheless-especially being out of State.My CPA is referring this investor to me because he knows I like the Lansing, MI area where prices are similar but taxes are lower, labor cost lower, and lots of economic development because it is the State capital.To your success!

New unemployment statistics indicate the region's jobless rate actually fell in April to 3% down from 3.5% in March and only slightly higher than 2.9% a year ago, according to figures from the Texas Workforce Commissi...

Is there money in building and selling individual properties as GC if you factor in holding cost, etc?

DSCR rates (investor cashflow loans) would give you a fixed rate payment and allow you to pull that cash out from the rental at a lower cost.

Has anyone on here done something similar and remember the cost or have an idea of what pricing should be (ballpark)? 

He is specifically interested in knowing what specific time/administrative labor investments come with being a "passive" investor.1.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Short term rental with cost seg study/ accelerated depreciation to offset W2 income.

Nothing that cost money and has tax and legal implications should just be done on a whim.