Just wait until the first burst pipe, leaky roof, foundation problem, or any of the other million things that you will encounter during your ownership. 

I also became a very small investor in a 20 million deal.  

I believe Baltimore can be an attractive option for people who work in DC that want a better value for their housing dollar and don't mind commuting by train.

I am currently working at a million square foot building in NYC.           

So thank you a million times over.  

@Kris Haskins If your market is as hot as mine then I would just pull the plug and put it back on the market and accept only conventional finance or cash offers...price it aggressively to attract more buyers. 

Not sure, there are a million variables at play that could impact the advice I would give you.What I can guarantee is that announcing this on a public forum will lead to random people asking if you would be willing to loan it!

Tony  great questions.here is my take on it. if is your own capital then 5 million in my mind is about the amount you need to start... at a 14 to 15k apr your making 600k a year.. which is average income for a HML or maybe a little low. 

Here is why:  if a buyer comes to me and says "I have a million dollars I want to invest, please locate and purchase as many homes as possible."

just saying the attraction to mid west is usually for those that are completely priced out of the local market Like many in CA or even here in PDX.. but in Central Oregon there are many price points and rent points that will match mid west.. and you don't have the long distance risk ..